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To: Wayners who wrote (19915)7/30/1998 1:17:00 PM
From: joe  Read Replies (3) | Respond to of 45548
 


<<Remember the $25 support doesn't just come out of thin air. It comes from trendline connecting daily lows of 6/2 and 6/12.<<

Why would the connection of these two points be important?
There is a bit of a positive slope, but reading anything out
of it seems like guesswork. A little bit off and the slope
could have been negative. Also, the third point is
much farther out in the future, rather than "close" to
the 2 points making the "extrapolation" even more "iffy".

Is there any logical motivation behind using those
two points on 6/2 and 6/12 (intraday lows)?

joe