Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Cogito Ergo Sum who wrote (47868)	5/3/2012 8:24:39 PM
From: Johnny Canuck	Read Replies (1) of 69660

It looks like yesterday's action on RLE.V triggered a stop loss for other traders as the volume accelerated today. Nice bounce off the 200 day SMA. and the support level by volume by price. Still not sure about the business model of this company due to their lack of success in their other core businesses, but I am watching it.

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