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churchtower - Fri, 02 Jan 04 :

Iglet - I am sure that must be the reason, certainly today's volume doesn't indicate anything other than that. However all (ex)press coverage on Dyson Group is welcome albeit such recommendations are a fragile basis for a solid advance.
Sorry Lady P about the charting terms. Briefly standard error channels help in identifying extremes in trends. Shares in upward/downward/sideways trends have an equilibrium point (i.e. a point towards which prices tend to be drawn). This central line is used to then plot two parallel lines above and below it and if done correctly should mark the expected boundaries within which the share price should move. The raff regression channel is slightly more forgiving and usually allows more of an overlap, based on previous penetration of the standard error channel support and resistance lines. Dyson will hit the upper standard error channel line at around 295 and the upper raff regression channel line at around 300. A break upwards through the raff line on heavy volume would be highly significant. P.S. thanks for the CASH tip - just fold a £20 note in half, put in your pocket and you have immediately doubled your money ! CH.


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