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| From: | Phaedrus <Phaedrus@techemail.com> |
| Date: | Thu, 29 Jan 2004 14:44:01 -0800 (PST) |
Carter Holt's long-term trading range looks set to continue for a while
longer. Price action has yet again bounced off the resistance level that has
held good for 4 years - pretty much right to the cent.
I know I am a staunch advocate of TA, and have used it for many years, but I
still get a kick out of seeing just how often the market validates the basic
principles of support, resistance and trend.
Phaedrus.
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