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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: t4texas who wrote (20745)	3/24/2003 3:45:12 PM
From: ItsAllCyclical	Read Replies (1) of 206184

RE: RRI - TA. I disagree. You can also draw another "new" trendline from the low of .99 to the mid March 2003 low of 3.26. I suspect the 2 year trendline and the 200 dma/emas will have more of an impact than the current trendline of the lows which can be drawn more than a few ways. At some point in the near future if RRI crosses $5 again the 50's will cross the 200 moving averages usually leading to another round of technical/momentum buying. Plot a 2 year chart and you'll see the 2 year downtrend line I'm talking about. There are a few pts where RRI broke above, but I think it stands out pretty good. Using your reasoning RRI would have to eventually catch and break above it's original uptrend line from .99 to 5.70. I don't think that's the case. stockcharts.com[h,a]daclyiay[pb50!c21!c13!f][vc60][iub14!la8,17,9][j10419162,y]&listNum=1 New HOD and above 13 and 21 ema's. I suspect a breakout of the triangle tomorrow leading to a test of the 200 dma around 4.15. Again, like I've said numerous times before, at these levels RRI is primarly an FA based play. It doesn't hurt to follow the TA, but it's only part of the story.

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