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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (6366)	3/12/2005 7:26:40 PM
From: Walkingshadow	Read Replies (2) \| Respond to of 8752

Hi MJ, RNWK does not quite have a stochastic buy signal yet, but that looks imminent: 139.142.147.218 The conservative approach would be to wait until it printed $6.01, which is just above the high of the day on Friday. Given that the market tone is bearish, I think this is wise. It is quite possible that RNWK could trade down further before signaling and rallying. The intraday chart indicates a bit more downside, but the volume patterns indicate support here is increasing, because there are buyers showing up when RNWK trades down. 139.142.147.22 I would also require that RNWK rally above the 200 ema on the 1 minute chart, and confirm that test. Currently, it tested that level from below, but was turned back right at the close on Friday: 139.142.147.22 So while RNWK looks ready to rally, I would wait until it makes its intentions clear by rallying above the 200 min ema, and by waiting until a stochastic crossover is completed. .... all IMHO, of course. T