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To: softcash who wrote (1374)10/21/1998 1:32:00 AM
From: TChai  Respond to of 5102
 
What's far? Don't even try to look at the daily chart. Try the monthly chart like the one on SI here and see for yourself. The double tops at 12 formed between Nov '97 and Apr of this year was 5 months apart and was very powerful, driving this thing down to its all time low. According to TA that I have read, the further apart the double bottoms or tops, the more powerful it is. This double bottoms at 5 is even stronger than the double tops at 12. The way it bounces off also prove the power of this double bottoms. Also, the chart formations on the weekly chart is more powerful than the daily and the same can be said about the monthly chart v.s. the weekly. Enjoy.