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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: jjstingray who wrote (37235)6/20/2002 11:55:58 PM
From: StockOperator  Read Replies (1) of 52237
 
You are right. I mentioned the one at 11 just because it represents the greater pain. My 7.5 number(roughly) is a simple trendline that considers the entire chart. Which you have to do simply because over the life of this company it has spent much more time in single digits than double. Believe it or not there were years where it traded under $2. So my number is based only on a retrace to a old trendline and not a 100% retracement already witnessed by stocks like CIEN.

Good luck with your strategy.

SO
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