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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: MJ who wrote (7333)	4/4/2005 6:26:10 PM
From: Vendit™	of 8752

MJ, RNWK hit the lower Bollinger band; crossed the 20-EM and now made contact with the upper Bollinger Band today. 139.142.147.218 The past three days have formed highly bullish candlesticks. Now look at the lower indicators such as stochastic 5-3-3. It is near or at its top or reversal range. Now look back at the stochastic signal and how the stock reacted each time the stochastic lines reached this same climatic level. Now look at William’s %R. Note the same things that I said above. You could conclude that RNWK is going to form a short term top tomorrow. Sometimes it pays to trade in the opposite direction of the herd. Edit: L/R chart in 6-month time frame shows a slight area of room to the upside left technically, about 35 cents. 139.142.147.218 JMO Reid

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