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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: JoeinIowa who wrote (4297)	1/17/2004 5:01:25 PM
From: Ken W	Read Replies (1) \| Respond to of 23958

Joe The 200 "period" on the chart is weekly ie: 200 weeks of closes, rather than 200 days. NXTI was, in the beginning, much higher in price. bigcharts.marketwatch.com I've used this method for long term overhead resistance on different stocks and found that it does work most of the time. CYAN was at 2.25...it went to 2.30. BLTI 2 years ago was at 6.25 from 3.25..of course it is 20 now, but took nearly 3 years for the 50 week to cross over the 200 week. CDIC was 6.25 from 3.00 You have to keep in mind that these are very very long term charts, so the time frame for things to happen are extended from weeks to perhaps years before they are attained. Just for grins do a long (weeks) chart on MAXF when it was at 3.00 and look back to see where they 200 period average was and where it is now. I've not looked, but would be willing to bet that it is in the 13/14 area. Ken