vcr chart etc for those interested., page-27

re: vcr chart etc for those interested/capman Here is my version ... for what it is worth.

An entry being made on a standrd breakout model

* Enter at 154 on 17 July 2003 based purely on Volume and price increase.

* For approx a month it repeatedly hit 184 (resistance). What is this resistance, it is people selling for "whatever reason"

* On 13th Aug, gaps up above this point and the bulls are winning. We now hae a definite support point at 184. Why, enough bears remember that that is where they sold and a significant number of others "bought". No more .. no less.

* It then rested around 207 and then took off. Again, an entry at 219 would still have been OK

* Red line is a trailing stop. Cross that line and you exit.

* Exited at 315. Is the price above that point at the moment? No.

Whats the price doing at the moment? 3 days of lower highs and lower lows. not good.

Will the price be above this point in 3 weeks? 3 Months? 3 years ... NO ONE KNOWS! Regardless of what any chartist/fundamemtalist/Prophet,Tea Leaves watcher says.

All the chart says is that:

* There is currently weekness in the share maintaining current levels
* If it falls, where would it fall to? First area of support is around 264. If that fails, then look back at 207. If that fails, 184. Which one? Wont know until it gets there.