Forum Archive Index - November 2002

[Phaedrus <Phaedrus@techemail.com>]

 THL has been in a downtrend for three years. The use of simple trend 
indicators should have kept you out of this stock over this time.

 Price action has now broken above the 3 year long-term trendline. While THL is 
now technically in an uptrend (having made a higher high after a higher low) 
prices are still within a fairly narrow trading range, indicators such as ADX 
and ADXR are yet to indicate a trend, and the 1 year simple moving average has 
yet to be broken.

 For three years, TA has been saying keep out of this stock, regardless of the 
fundamentals. Now, it is giving a tentative OK to buy, one that would be 
confirmed by a moving average crossover and ADX/ADXR indicators showing that a 
trend is in existence.

 Whether you act on this signal or not would depend on your risk tolerance, and 
your fundamental analysis of this stock.

                     Phaedrus.

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