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To: Henry J Costanzo who wrote (194029)	9/21/2011 7:07:12 AM
From: sylvester80	Read Replies (1) \| Respond to of 209892

Maybe for 20 years, but I disagree about the 3 year significance of a log scale. If you turn OFF the log scale on that chart and you will see what I was talking about... in any case, we will know soon enough if the channel is of any importance... if it does not pierce the top trend line and instead stay within the channel, this channel maybe of some value as it has been to me for the last 3 years (sell the top touch and buy the bottom touch; and sell everything on a pierce below the bottom of the channel... after all channel's are meant to be broken...)

To: Henry J Costanzo who wrote (194029)	9/21/2011 9:58:54 AM
From: Edward Boghosian	Read Replies (1) \| Respond to of 209892

I see this as a long term chart, therefore the need for log scale. You refer to the dash top line as the return line, whereas I would think it is the top line of a channel and the green, solid, line as the bottom of the channel. My interpretation from what you say and correct me if need be, if the new highs are made close to the top dash line, the uptrend is stronger then if the new highs are made closer to the lower channel line which is the solid green line. Therefore, it may be that this price rise is running out of steam unless there is a dramatic price increase over a short period of time that would move the price of the stock toward the topside of the channel.

To: Henry J Costanzo who wrote (194029)	9/21/2011 10:15:11 AM
From: Edward Boghosian	Respond to of 209892

I see this as a long term channel with the white dash line as the top side of the channel and the solid green line as the bottom of the channel. Correct me if need be, from what you say, if the stock price were closer to the top dash line and making new highs, the upward movement would stronger then if new highs were made at the bottom part of the channel. Does this mean that this uptrend we are experiencing now may be running out of steam unless there is a dramatic price increase over a short period of time to bring the price closer to the top, dash, line? If a stock is to make new highs, it is better if it's making them at the top part of the channel then at the bottom of the channel unless there is a dramatic acceleration in stock price to bring it to the top of the channel.