Forum Archive Index - July 2002

["Morgy" <morgy40@xtra.co.nz>]

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I think this weekly chart will give you a bigger view of PHY, you may be right about a new trend developing if this weeks close is above the 3.20 mark which it currently looks like doing. My back of the envelope Fib numbers sit at your historical support level of 3.00, with the next price target at 3.30, perhaps Andrew might like to do some detail on this in regard to Fibs, as I say I did mine on the back of an envelope and I am too lazy to get the book out. The lines are not Fib lines but trend and channel lines showing activity covered by these weekly price activities.

Regards

Morgy