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[sharechat] CAH


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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