Telewest will recover

As a subscriber of Telewest I thought it worth spending some time with the charts. ( ie Chart websites, for short tempered people now fitted with bionic hearts)

Quote, Telewest has now fallen 79% since its peak on 26th June 2000 @ 299p.

Tech analyses shows a weak development within a falling trend channel. A further negative development is indicated, and there is resistance against the ceiling of the trend channel. An inverse head and shoulders formation, however, appears under development. There is a definate resistance level at 81p, and only a decisive break of this level, ideally with an increase in volume, would show the stock could reverse it's falling trend. Unfortunately, Telewest comes up as sell to me.

Ah well! Wonder what Sky is like.