On second thought…

Posted on Apr 18, 2008 by in Letters

We thought that the trading range shown here was well defined, and that Friday's price surge might be a breakout. Then we looked at it again and saw what you will see below, that our original line was not totally definitive. (Actually no line is totally definitive. Interested parties attempt to mess with the lines, and that is why John Magee remarked that trend line breaks shouldn't be considered dispositive until they had broken the line by 3%. )

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