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Strategies & Market Trends : The Rational Analyst
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To: HeyRainier who wrote (163)1/11/1998 9:02:00 PM
From: ftth  Read Replies (2) of 1720
 
[EK short]Hi Rainier, nice analysis on EK. I drew the trend channels on it without looking at your dates, so I exactly confirm your channel boundaries (FWIW). I draw them through highs and lows (some people use close on the same days) and arrive at a lower channel objective of about 52, or a 12 point swing, meaning cover around 55 or so. What was your exit strategy? Also, I agree that Fuji and restructuring effects are not likely to be important considerations between now and when it hits the lower bound of the channel (January 23rd sounds like a good day for a channel bashing). Good luck!
dh
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