1/3/05 -- Here's my take on DHB, using a three year weekly chart:

It's clearly in a long term uptrend, with three clear bases marked by the green horizontal support lines. The upper resistance in the channel is nicely defined. But it's also showing signs of distribution, evidenced by the high volume on the downside last week. IBD warns that up trends get more and more tenuous with each succeeding base, especially after the third. So the number of bases and the fact the rallies been underway a full two years merits caution.

Also, I am having trouble defining the lower boundary of the channel. Channel lines are supposed to be parallel, but the only way I can fit a line to DHB that's parallel to the upper channel line is by cutting out a few weeks in Feb-March 04. Otherwise, there's a better fitting uptrend from March 04, but it's steeper than the upper channel line. Steeper lower channel signs aren't usually a good sign.

In all, I'd say there's probably a good short term trade to buy a bounce out of the 17-18 area, for a run at the old high around 21-22, a good 20-30% if you can time the buy right. But I wouldn't look for a long term buy here.