Alex,
I'm very glad you posted.
It gives me the opportunity to vent some optimism on RSYS that I have been reticent to voice.
I know you're decisions won't be based on my analysis, so in a convoluted way this post is directed at you.
For me, the charts have moved significantly towards the positive.
Our numbers are a little different, but I think we're in agreement on the trend.
I think we have just closed over a resistance point. All my indicators are positive. The stochastics tell me we're near a short term top.
The resistance we might meet at 52, in my estimation, comes from the analysts projection and this was at the point where the suit allegation emerged.
To me the significant test is... if we hold at close over 48 1/2. If we do, I think it's a go to 55, heavy resistance then, if overcome on to 60.
If we close below 48 1/2, we go back and test 43.
I think we'll hold, if not I bail at 47 or so, see if we get support at 43,44, and use that as a re-entry point.
I think these are very similar outlooks and I am optimistic.
Thanks for the tip on Murphy, I do watch him and on occasion check his column on one of the newsletters over on AOL.
But MARIA,oh my...
Well anyway, I'm going to check your head and shoulders configuration later today.
To all, don't put your money where our mouths are... sounds a little weird, but you get the drift.
Study Marie, we want yours and everyone' s input.
Stan |
