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WhiteBat - Wed, 03 Jan 07 :

Maybe the chartists have anticipated a golden cross and are buying ahead of it?

I was told by a former stockbroker that charting really only applies to stocks whose turnover is in the millions of shares traded per day (Vodafone, BP etc).

However, I know from reading this board over the years that a large number of people apply it to this stock - and maybe it becomes a self-fulfilling prophecy. I remember someone either on this board or MW's board predicted that TRK would hit 125p in Feb 2004 (I think) - and lo and behold it did! Evil Kenival then shorted it down to 60p and beyond.

I'd be interested if anyone knows of a VERY basic guide to charting that explains these golden crosses etc just so I know what the supposed significance of these events are.

Cheers,

White Bat


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