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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (29228)	10/18/2000 8:13:17 AM
From: AllansAlias	Read Replies (1) of 436258

It's been a while since I wrote about smelly. It's been giving so beautifully that one hardly needs to do any analysis. Like pretty well all things tech, smelly rose out of its historical price channel in the blowoff starting in the fall of 1999. After reaching its high it did some weaving and bobbing, forming a large triangle that broke down in September. It tried to hold the morph into a flag (triangles often do this), but that quickly failed and we are where we are today. Back to the historical price channel. Looking at a weekly or a daily chart, smelly closed yesterday exactly at the top of the channel if one connects the high of 1995 with the high of 1997 and extends the line right. (Again, this connecting is not done "by hand" and is a log chart.) So, yesterday was the first test of this line. I know it looks bad this morning, but it would be shocking to me if this line just folded. I would not be surprised to see the weekly close sneak back up to this line. This week, the line is at 643, +/- a couple of points. If it does cave, I would expect a test of 582.

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