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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: ACAN who wrote (139497)	12/16/2006 8:29:10 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

Hi, red-faced ACANadian...LOL I would count myself as very lucky, Allan, if that's the only kind of thing I had to feel red-faced about! With your change of alias, I looked up your profile, and interested to see we're practically neighbors. I am in the NY Finger Lakes area, just across from Lake Ontario...in Ithaca. One of my grandsons came up to your town a couple of years ago for a hockey tournament...Unfortunately...although our boys are VERY good...they're usually swamped by your Canadian boys...sigh... And without further ado, here's my update look at RIMM...Although the price breakout could have been more decisive, and with more volume, I do believe the benefit of any doubt should be in favor of a valid breakout, from a bullish flag, which measures to 160..That points a little higher than my outstanding triangle count of 156...but I wouldn't complain if it stops at 156..vbg We had strong support at the 50dMA, the upper DT line was broken, there was an increase in volume, and a little DT in RSI (about the only "indicator I use) was also broken....We could see a backtest of the breakout point in the next couple of days, but otherwise, I'd say she's turned, and heading up... (As I think you know, Allan, all that's based on my TA voodoo..with no attempt to count any EWaves.....)...