Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Peter van Steennis who wrote (21556)	9/17/2004 1:21:40 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

Peter, I haven't seen Dabum around today (it could be a hard rain where he is), so let me just chip in on RRI: I noted a while ago that it had entered a channel, the 8.80 to 9.80 channel (actually 9.90 or even $10.00 would work as well as the upper range) and it is still there. The daily chart is not all that hopeful, as money flows indicate lack of compelling (bullish) interest in this name. In terms of a pattern, it is right at the right shoulder of a failing head & shoulders pattern; another way to look at its last two months is a rising wedge reversal (in a downtrend, the wedge or pennant seems to rise, suckering people in, just in time for it to reverse back down and continue on its merry downward way). In my world, I have to think there are better candidates which will give clearer trading (trending) signals than this one right now. Kb