Forum Archive Index - October 2001

["Wedde, John" <John.Wedde@weltec.ac.nz>]

ITC continues its rise --- up over 9% today. Anybody got any explanations?
Have DVI begun to make significant sales? What news on Virtual Spectator?
Anything else --- Hookups to more funds perhaps?
Phaedrus ---- are you getting tempted?

Cheers,
John



                -----Original Message-----
                From:   Phaedrus [mailto:Phaedrus@techemail.com]
                Sent:   Wednesday, 3 October 2001 10:53
                To:     Sharechat@sharechat.co.nz
                Subject:        [sharechat] ITC

                Matthew,
                         Re your comments :-   
                >>> What I see here is that ITC are now at the beginning of
an uptrend <<<  Right. For the first time in well over a year ITC is above a
confirmed trendline, and in an uptrend.
                >>> Would I be correct in saying that they should go to 16c
in the near future? <<<  No. Who knows what they will do in the future. If
the uptrend does continue, we can reasonably expect resistance at levels of
previous resistance, specifically at 9, 13.5 and especially 16 cents.
                >>> if a break through there occurs could it be all on for a
big ride? <<<  Why should there be a big ride? There are plenty more
historical resistance levels that would need to be overcome. Take a look at
the double top at 21 cents for example. As you rightly observe though, a
break above the 16 cent resistance level would be significant. 
                  All we really know is that a system that has very
effectively (and profitably) kept us out of ITC for well over a year will
now permit a purchase, if we wish. This is clearly significant. Exactly how
significant will be revealed by future price movements.
                        Regards,
                                  Phaedrus.

        
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