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

To: Peter van Steennis who wrote (21690)	10/3/2004 7:39:34 PM
From: chowder	Respond to of 23153

Peter, Lots of indicators turned positive on RRI on Friday. Although positive now, I'd prefer to see it pull back to about 9.80 and then up from there. With the nice move on Friday, hopefully we'll see some profit taking and then have an opportunity to see how RRI tests support levels. As I mentioned to Jim P in a PM, I had been watching RRI every day for signals of a move and I didn't look on Thursday and Friday and I missed those signals until after the market closed on Friday. I was fully invested anyway and on margin as well so, I don't know how much I would have been able to buy anyway. I'll be taking some profits from other holdings this week and hopefully RRI will set up for me. All in all though, most indicators are looking good. I would expect a correction in the next couple of days and if the indicators still look good at that time, I think it's a buy. Stochastic and MACD have flashed buy signals for a short term trade. I don't expect money flows to pick up too much until traders are confident RRI can stay above the 50 dma. stockcharts.com[h,a]daclyiay[pb50!c20!f][vc60][iut!Lp20,10,5!La12,26,9]&pref=G dabum