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[sharechat] WHS Chart

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Wed, 24 Jul 2002 02:38:41 -0700 (PDT)

 The Warehouse closed today at $7.22. This is below its current confirmed 
trendline and below its 120 day ema for the first time in a year. 
 This chart illustrates quite well how the same indicator can be used by 
different people, varying only the period to suit the preferred level of 
activity. Short-term traders might use the 60 day ema, and medium-term traders 
the 120 day ema. Conservative longterm investors commonly use a 200 day ema to 
keep them on the right side of long-term trends, selling when price action 
falls below this. 

                       Phaedrus.

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