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Author Message  ppl8r Member Username: ppl8r Post Number: 2 Registered: 04-2004 Rating: N/A Votes: 0 Sunday, April 18, 2004 - 12:43 am:     Some very interesting posts in the last few days. Well done to all participants,especially those commenting about ALU and SRP. This would be a lot easier if I could upload a chart to accompany my views, but I'm having problems converting National Online Charts into something that uploadable.Any hints greatly appreciated. Now for the important stuff! Starting this downtrending line from the high of Jan 13, through to present day 156c, this line crosses 6 daily bars, including 22nd March bar right on the close. Trendline gets broken without much fanfare over the Easter weekend, confirming on the 14th April. If one starts an uptrending line from the low of the 17 th March, to current day 161c, it should show that this line is currently supporting the trend.This line is not I would call legitimate, as its still got to prove itself! On top of this, Friday gave us an inside day, and this stock usually reacts within a couple days of this occurring. Sure, on the other hand this shows some uncertainty,but if in the next couple of days, the trendline is not broken negatively, or maybe a good rally to break 171c,it should confirm that we might just have something decent on our hands. Daily EMA 5/15) Positive for a week Weekly EMA 5/15) Turning up close to breaking Pos Daily MACD OSC : Positive for 4 Weeks Weekly MACD OSC : Improved for last 5 weeks, close to going Pos Hope it's been worth your time, your views would be appreciated Thanks ppl8r  gregb Member Username: gregb Post Number: 3 Registered: 09-2002 Rating: N/A Votes: 0 Sunday, April 18, 2004 - 09:53 am:     ppl8r, I am still a novice at this game. So I would appreciate any comments. To me it looks as though PTD formed a double bottom in Nov / April 03 and this has a price target of around $3.40. I see a descending Triangle forming since June 03 and this appears to be about half way through formation. This reversal pattern combined with the double bottom seems to suggest that when it does break it will have lofty targets. Main resistance looks to be at $2.12, $2.80 and $3.26 on the way to its target. My view would be to wait for any break out to pass the first resistance at $2.12(A stop at $2.00 area), then hop on for a nice ride beyond $3.20 Greg  colin_twiggs Member Username: colin_twiggs Post Number: 1123 Registered: 09-2002 Rating: N/A Votes: 0 Tuesday, April 20, 2004 - 06:24 pm:     Greg Major support appears to be at 1.00; resistance at 2.00. A projected breakout would have a target of 3.00 (2+1) or zero?? (1-1). Anyone else with suggestions on what the target should be? Colin

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