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To: t4texas who wrote (20745)	3/24/2003 3:45:12 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 206191

RE: RRI - TA. I disagree. You can also draw another "new" trendline from the low of .99 to the mid March 2003 low of 3.26. I suspect the 2 year trendline and the 200 dma/emas will have more of an impact than the current trendline of the lows which can be drawn more than a few ways. At some point in the near future if RRI crosses $5 again the 50's will cross the 200 moving averages usually leading to another round of technical/momentum buying. Plot a 2 year chart and you'll see the 2 year downtrend line I'm talking about. There are a few pts where RRI broke above, but I think it stands out pretty good. Using your reasoning RRI would have to eventually catch and break above it's original uptrend line from .99 to 5.70. I don't think that's the case. stockcharts.com[h,a]daclyiay[pb50!c21!c13!f][vc60][iub14!la8,17,9][j10419162,y]&listNum=1 New HOD and above 13 and 21 ema's. I suspect a breakout of the triangle tomorrow leading to a test of the 200 dma around 4.15. Again, like I've said numerous times before, at these levels RRI is primarly an FA based play. It doesn't hurt to follow the TA, but it's only part of the story.

To: t4texas who wrote (20745)	3/24/2003 3:58:55 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 206191

T4: I pretty much use only daily charts myself, with weeklies and monthlies for confirmation of support and resistance. The beauty (and limitation) of TA is that everybody, even if they are using the same tools, ends up with a little different result. TA stands for Trend Art-reading, btw, not Technical Analysis. There's nothing particularly "technical" (scientific, difficult) about it, and reading the price & volume data is more an artistic endeavor than an analytical one. FA, on the other hand, yields much more measurable and definable results. If you only buy stocks with p/e: sector p/e of X, and PEG ratios of Y or better, then you can measure your analysis. Steve Nison in a recent copy of Technical Analysis replied in a letter that a candlestick is only a candlestick if it's in the proper trend. In any event, I was taking the 4.20 as the 200 dma (now it's 4.16) and not thinking about a trendline. In fact, I've now tried about 16 times and can't draw a trendline to 4.20, but that may just be my problem. Each time I draw one it ends up much higher than 4.20 (sometimes 5, sometimes 4.60 or so). A chacun son gout, Kb