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[sharechat] AMP Chart

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Sat, 28 Jul 2001 20:31:59 -0700 (PDT)

<<<<  Will the price plummet on Monday as analysts review their recommendations 
and valuations in the wake of yesterday's surprise announcement? (of an 
earnings warning).....Peter Maiden. >>>>
Peter,
      Don't you think it is interesting that nearly all of these "surprise 
announcements" are preceded by a significant movement in the share price?  AMP 
has been in a short-term downtrend for a month now, and the price has plunged 
over the last week. Some would see this as evidence of insider trading.
  The use of a trendline (the simplest technical indicator of all) indicated 
the end of the 9 month uptrend, and an exit on 24/7/01 at about $25. This is 
not being wise after the event - the confirmed trendline charted below had been 
in place for over 5 months. 
  I think we can be fairly sure of a further drop on Monday, but wasn't the 
writing already on the wall?
    Regards,
              Phaedrus.


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