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To: Arthur Tang who wrote (1306)4/23/2001 4:45:53 PM
From: TechTrader42  Respond to of 1471
 
That's certainly one interpretation. Another might be that it started a move back down today. It could retrace to around 44 -- or even to 40 in the worst-case scenario. Or maybe it'll just rest between 44 and 48.5 before breaking out again.



To: Arthur Tang who wrote (1306)4/23/2001 4:51:45 PM
From: TechTrader42  Read Replies (1) | Respond to of 1471
 
That's certainly one interpretation. Another might be that it started a move back down today. It could retrace to around 44 -- or even to 40 in the worst-case scenario. Or maybe it'll just rest between 44 and 48.5 before breaking out again.

The Bollinger bands, among other indicators, would seem to indicate a possible retracement. I saw sell signals at 48.5. I first saw buy signals around 3/23, at about 39. You are looking at it with a longer-term time frame in mind, no doubt.

You're lucky that you don't need a chronoscope, because they can be prohibitively expensive -- and occasionally unreliable if the sphericity settings are set incorrectly.