I found ITRI in my Horsey chart book that goes up to the end of 2001.
This is a textbook TW case with a 3 year downtrend, a breakout at the beginning of 2001, a quick markup during 2001 from $10 to $30, and then a distribution phase-- which we're in now.
There appears to have been a shake-out at the $20 level which would have been a little scary to ride through, but again, hindsight makes it impossible to know what I would have done.
The Bigchart ALLDATA option and the 1 year option gave me good views of this chart. If I ever teach a 6 year old how to trade stock, I'll use this chart as an example. |