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logica has broken out (LOG)     

tonyjackson - 09 Sep 2003 09:37

Having broken through previous resistance at 244.5 (21/05/02) there is nothing to stop logica hitting the previous congestion area 306/336 which only lasted a week at the start of May 2002.That in turn was only a fortnight after they fell off a cliff from 413.5 on 16/04/02 to 222 on 17/05/02.Dyor,nag of course,but I am long again from 262.5,having closed too early at 243 last week.I wish I knew how to paste charts but if anybody can paste the two year chart you will see there is very little resistance about now.

skinny - 09 Sep 2003 13:02 - 3 of 4

There you go Tony, as you know I follow these and was talking about them breaking the 180 level only 2/3 weeks ago. Hindsight and lack of conviction!!


draw?period=2Y&action=draw&startDate=09%

tonyjackson - 09 Sep 2003 14:31 - 4 of 4

Cheers skinny,glad I closed out.Not sure whether it was just profit taking like myself.The Nokia announcement of 10.00 a.m this morning will have been significant.
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