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To: Henry J Costanzo who wrote (93584)3/19/2004 11:51:32 AM
From: bcrafty  Respond to of 209892
 
mc, thanks for pointing out that resistance

Actually, I was looking at EVCI on stockcharts.com which only goes back three years, so I didn't see all that resistance from mid 2000. I was only looking at three daily charts going back six months, a year, and three years.

But although that resistance is real and it's valid, I'm of the school that the more remote it is in time then the less valid it is to look at as a potential problem for right now. Nevertheless, if I was in this issue (I'm not) I'd admit that I'd have to watch this issue carefully if/when it gets into the 14-20 range.