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Re: [sharechat] CAH


From: robin benson <rob@hammerheadmedia.co.uk>
Date: Thu, 29 Jan 2004 22:59:30 +0000


Thanks Phaedrus for this -- many will undoubtfully find it useful in 
deciding whether (or not) they should be jumping on the CAH 
bandwagon/ramping truck.

Regards

Robin

On 29 Jan 2004, at 22:44, Phaedrus wrote:

>  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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