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Louw, If we all agreed then
there would be no opportunities to make (or lose) money in the market. Besides
it could just be someone making adjustments to their portfolio, pulling some
early profits or trying to hold the price down just a little
longer.
Cheers,Graham<A
href="">http://groups.msn.com/ASXShareTrading<A
href="">http://groups.msn.com/FMSAustralia
<FONT
face=Tahoma size=2>-----Original Message-----From: Louw-Roux
Coetzer [mailto:louwcoetzer@xxxxxxxxxxxxx] Sent: Thursday, 20
November 2003 5:19 PMTo:
amibroker@xxxxxxxxxxxxxxxSubject: RE: [amibroker]
Wedges
Hi
Graham !
<SPAN
class=531351309-20112003>
<SPAN
class=531351309-20112003>Thanks for pulling my mind straight again - as you
probably know - a person's mind gets caught in certain way's of looking and
sometimes it's like looking at the clouds - one person will see a fat Wolf
& another might see a little Lamb ...
<SPAN
class=531351309-20112003>
Just
a quick mind bender - if people want to make money on the stock exchange (
normal stock exchange not derivatives etc ) why the heck do the sell ? I
was checking out movement again today on a share I own...it is running in a
tight consolidation ...and just when the Volumes are in position to help it
break out - some idiot puts a lower Offer in WHY WHY WHY WHY - they should
keep people like that far away from the market as possible...
LOL
<SPAN
class=531351309-20112003>
<SPAN
class=531351309-20112003>Cheers & Happy trading !
<SPAN
class=531351309-20112003>
<SPAN
class=531351309-20112003>Louw
<FONT face=Tahoma
size=2>-----Original Message-----From: Graham
[mailto:gkavanagh@xxxxxxxxxxxxx]Sent: 20 November 2003 11:05
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE:
[amibroker] Wedges
I would almost suggest
it is just a new trend. Are you viewing in log scale, which may just show
the rise as a channel of same percent width.
<FONT
face=Arial>
Another personal
observation would be that it is a rising trend with increasing
volatility giving it a very unstable situation.
<FONT
face=Arial>
You can read a lot of
things into charts that may not be there or that may have passed. An example
if you had drawn it a couple of weeks ago is that the pattern could
just be a rising channel and the last peak broke out of the rising
resistance line but could not be sustained.
<FONT
face=Arial>
Charting is very much
in the eye of the beholder, regardless of all the rules and pretty
patterns that have been written (and regurgitated) by many. I tend to
make my own rules depending on my experience, my eye and the charts I
view.
Cheers,Graham<A
href="">http://groups.msn.com/ASXShareTrading<A
href="">http://groups.msn.com/FMSAustralia
<FONT
face=Tahoma size=2>-----Original Message-----From: Louw-Roux
Coetzer [mailto:louwcoetzer@xxxxxxxxxxxxx] Sent: Thursday, 20
November 2003 4:47 PMTo:
amibroker@xxxxxxxxxxxxxxxSubject: [amibroker]
Wedges
<FONT face=Arial color=#0000ff
size=2>Hi there all,
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Just a easy question that is confusing me a wee bit ....What is the
technical significance of a "Rising Widening Wedge" against & with a
trend...see pic for example...is it the same as a "Narrowing Wedge " with
& against a trend ?
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Kind regards
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Louw Coetzer
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