Raytec Capital (RCC.V) Message Board

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Gold/Mining/Energy : Raytec Capital (RCC.V)

RCC 24.81

0.0%

Nov 6 12:11 PM EST

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To: Mr. Oil who wrote (322)	5/21/1999 11:23:00 AM
From: 1st.mate	Read Replies (1) of 457

I have been taking a course on TA and we have been using RCC chart for discussion groups....The chart is now showing a very typical head and shoulders pattern....This is not good for the long position and could meen that we are in for a typical quick dip...This happens about 90% of the time in a head & shoulders pattern.... There is the other 10%....We are now forming the right shoulder of the pattern and this is typically done on low volume....If the right shoulder breakes the neck line(1.50) the stock will fall to the (1.05) range..... Now that 10%, If volume picks up and the left sholder is passed this is the most bulish sign and the stock will head to the $3 area...but we are in a dangerious pattern....Comments!!!Matey

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