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Pastimes : Home on the range where the buffalo roam

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To: Walkingshadow who wrote (8205)	12/28/2000 10:02:28 PM
From: Boplicity	Read Replies (4) of 13572

yes true and typical of a stock that is entering into a base formation or consolidating it's drop or getting ready to run again. Look at in a one year scale. Notice how the same averages looked in the spring. stockcharts.com[W,A]DBCLNYMY[DD][PB25!B50!B100!B200!B10!F][VC60][IUC20!LB14!LF!LG!UA12,26,9!LJ[$SPX]] Also take notice of all the buying that happen around 150. That 150 area is one large area of resistance that goes right through the heart of the chart. Now put the chart on a 6 months time frame lay a straight edge connecting the recent highs in the down trend, that also points to 150 as the upper channel or the downward trend. So I see 150 as an key area of resistance with a break through to 168 conformation that downtrend is over with and that the base building period will begin or the stock will continue to higher. I'm voting base building. Greg

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