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


To: Jill who wrote (6370)3/12/2005 7:31:02 PM
From: Walkingshadow  Respond to of 8752
 
Hi Jill,

That is possible, but not likely. That $5 level marks the lower level of the trading range. RNWK is showing definite (but early) signs of reversal here, at a level of relative support.

139.142.147.218

On the other hand, MACD is not consistent with a strong uptrend beginning here.

So yes, it is possible, but just not likely IMHO. This is, however, another reason to wait until RNWK shows its intentions.

T