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To: The Freep who wrote (10772)8/23/2001 12:34:13 AM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
It's the last surviving trendline from the 1990s. Odds are it breaks and stays broken. The rate of return needed to maintain that line must still be astronomical. Not a likely survivor in the deflating of a bubble.



To: The Freep who wrote (10772)8/23/2001 7:52:36 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Well, it's already had one test on the line, so I would give this test less than a 50% chance of holding. Mind you, it would not be so odd for us to break it hard only to close a week back at or just above it. It's the weekly I care about for these.

Here's an old chart showing how COMPX treated the 1990 trendline. Mind you, we were in a brutal down move at the time.
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