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To: imawit
Yeah, I understand the technical aspect but the trend lines are on phony manipulated points.

They may be but they are important to you whether you believe them or not. A great many traders watch for a breakout of an upward trend line and jump in when it does. More demand means higher prices. These people aren't interested in buying low and selling higher. They buy high and sell higher.
32 posted on 01/05/2003 10:18:42 PM PST by jwh_Denver
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To: jwh_Denver
Hey JW. Haven't chatted for a while. I've been catching you now and then but didn't have anything to add.

I was adding the point to the discussion that there is a distinct possibility that there will be no consolidation or if there is one it may be many many months down the road. A stampede doesn't wait for anything or anybody. Not saying there will be one but the price is so far into a false hole it may look like a stampede just to get to where it should be, not to mention the shorts possibly bailing..
35 posted on 01/06/2003 1:34:17 AM PST by imawit
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