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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: rkral who wrote (2931)	6/28/2000 4:15:00 PM
From: Mark Z	Read Replies (1) \| Respond to of 10876

Ron - I see a low of 38 on 1/6, 42 1/2 on 4/14 and 43 7/16 on 5/24. Highs on 3/6 of 56 3/4, 58 1/4 on 3/27, 60 on 5/1 and 62 1/2 on 6/20. Basically, a flag since mid-March between 40 and 60. 200 day EMA is at 45 and I see no indicator that is bullish on the daily chart. As such, I'm waiting to see if it retests the low 40s and I'll look for a sign of reversal there. I believe flags generally resolve themselves in the direction of the prior trend which was up. RHB has been trending upwards since a breakout around XMas and this week's move is parabolic. Thus, given a choice of the two, it wasn't a hard decision. I'm trying to keep as little $$$ in the market as possible now until a trend is established one way or the other.