Forum Archive Index - February 2004

["Allan Potts" <ajp7079@excite.com>]

Phaedrus,------------------I am truly in your debt.---This actually clears up 
several questions, that I had in mind, but did not pose in my post to 
Snoopy.---It also looks as if I may have lucked out as I averaged down my 
position at $1.15.----Many thanks for this valuable chart and hand 
holding.-----YES, HAPPY NEW YEAR!!!! Maybe?  Sorry MacDunk, but I just had to 
do this.-------------Allan




 --- On Thu 02/26, Phaedrus < Phaedrus@techemail.com > wrote:
From: Phaedrus [mailto: Phaedrus@techemail.com]
To: Sharechat@sharechat.co.nz
Date: Thu, 26 Feb 2004 19:37:26 -0800 (PST)
Subject: [sharechat] Restaurant Brands

Allan,<br>      The average daily RBD volume is about 150,000. Naturally this 
figure varies depending on how far back you go. It's a bit hard to see, but I 
have plotted the average volume as a magenta line on the volume histogram at 
the bottom of the chart. Certainly todays volume of 517,385 is well above 
average (Green bar). Since today was an up day, this is bullish.<br> The chart 
of RBD shows just how clearly Price/Volume climaxes can mark major turning 
points. The multiyear high of 217 and the multiyear low of 105 were both 
accompanied by spectacular and unmistakable volume climaxes. These points would 
be obvious to anyone taking even a cursory glance at the chart.<br> Note also 
how the support at 125 became resistance, once it was broken. This too is a 
fairly common phenomenon.<br><br>                Phaedrus.<br>    <br>     
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