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To: chowder who wrote (22049)	4/29/2003 11:03:50 PM
From: t4texas	Read Replies (1) \| Respond to of 206084

daily rri chart is a doji star with rsi and stochastics way in overbought turf. certainly is signaling a trend change possibility. the opening will be interesting. if rri gaps down and closes within the body of monday's white candle, oh it will be an evening doji star (negative). lots of indecision today, but lots of other price/volume possibilities tomorrow. i will be interested in what happens.

To: chowder who wrote (22049)	4/30/2003 11:51:58 AM
From: chowder	Read Replies (4) \| Respond to of 206084

One of the things that gets people into trouble when they use technical analysis is that they don't take the "condition of the market" into consideration in their analysis. RRI is showing overbought on the Stochastic indicator. The candlestick chart was showing a Doji and possible death star. These indicators were suggesting we might see RRI pull back here. These signals were also to be ignored, as I mentioned in my analysis last night. The huge volume yesterday nullifies the Doji. Too many people ignore volume in their analysis too. The weekly chart is the more powerful chart. It is indicating that RRI has switched from a trading range stock to a trending stock. When a stock is trending, you ignore Stochastic, "take it off your screen." A stock that is rising in a trend will always look overbought. Stochastic is for a stock in a trading range. Follow it on a trending stock and you will continue to get false signals. The MACD becomes more important now and it's still bullish. The MACD measures trend, it's time to focus on that indicator, not Stochastic. There are very few RRI shareowners who are underwater on their positions. The only selling we have to face now are the weak hands, nervous nellies and those who were overweighted and are taking some profits off the table. Until RRI gets hit with negative market moving news, it should continue to trend higher. It is near the high of the day as I type. dabum