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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Jimbo who wrote (4149)1/9/2000 6:07:00 PM
From: Guy Gordon  Respond to of 24042
 
RE "is the 26 day MA the bottom of the channel for an equity?"

No. The lows of the stock price define the bottom of the channel.

The real question is "how much support does the bottom of the channel supply". Several things can provide support. If the stock has bounced off a support line several times, it has more validity. If the line is parallel to, or even better coincides with, the 26-day or 50-day MA, then it has more validity.