On October 25, 2011, we posted a speed resistance line for Green Mountain CoffeeRoasters (GMCR). At that time, we proposed,based on Edson Gould’s work, that the conservative downside target was $59.93while the extreme downside target was $37.21.
Sixteen days later, on an intraday basis, GMCR fell as low as$39.42. This was within 6% of the targetedextreme low of $37.21. In this example, we’re satisfied that Edson Gould’s speed resistance line has met our expectations.
