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Non-Tech : FITB (Fifth Third Bancorp)
FITB 42.86+0.8%Nov 7 9:30 AM EST

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To: Ron Kory who wrote (4)4/27/1997 11:01:00 AM
From: Ross   of 68
 
Ron,

I couldn't find, in Silicon Investor" how to start another subject so will have
to post my response to RENS in this forum.. Sorry to others following
FITB..

The charts I've produced for RENS are at:

teleport.com

Seems RENS sits on long term support and very oversold. I have only
a few caveats.. 5th waves usually fall in the area of .62, 1.0 or 1.62 of
Elliot Wave 1 to 3. RENS has not met the first target.. This could bounce,
hit the upper channel, (first or top chart) and continue moving down.
I know you trade and are nimble so you would be watching for this..

On a weekly chart (bottom chart on web site) I show a Elliot Wave 3.
Sometime 3's end up being 5's and this is very subjective.. But also
RENS could get a nice bounce (Elliot wave 4).

I thought I would have more time this weekend to look at this but I'm
busy.. Going sailing! On the big blue.. (Pacific Ocean) finally it has
stopped raining here...:)

Thanks for all the possible stock picks. I do agree that this sector is
interesting. Your analysis is great!..

Ross
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