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To: Lawrence Burg who wrote (1487)	2/27/1998 12:47:00 PM
From: richard p. martino	Respond to of 14347

Lawrence, That was a great answer and I basically agree wholeheartedly. TA does a good job of reflecting market sentiment, assuming (as you indicated) that the price has all expected news built into it. The problem is with thinly traded, inexpensive stocks, where it's just too easy for the price to be manipulated (intentionally or not) by a very few investors. In that case, it's not necessarily a reflection of "market" sentiment. Best, rpm

To: Lawrence Burg who wrote (1487)	3/2/1998 1:04:00 AM
From: Lawrence Burg	Read Replies (1) \| Respond to of 14347

For what it's worth...more TA. Simple A/D shows slow descent since 4 Feb. This is a trend indicator, so will likely be too slow to catch TX prior to $ move. Past 2 weeks have been down, which it hasn't been since Sep & 25c. Maybe people are getting ansy w/o news. CO bouncing around its 6 month low. 2 sharp spikes off the bottom, Sep 17 & Nov 17 preceded some strong moves up by 1-2 weeks. Prob'ly just wishful thinking here, but if it reacts up, I'll be paying much closer attention to everything else. CCI(8) just bounced off -100, sitting around -60. Would look for a trip under -100 prior to a significant price bounce. Historical predictive value of CCI has been poor on RNTK. MACD heading down gradually; 9 day trigger just crossed under. Typical of action following previous spikes, would expect the trigger to stay close until next run. MFI(14) (a volume weighted relative strength index) continues its slide from a high of 80 2 weeks ago, indicating some money leaving the stock. I like this one. If it continues to slide and bottoms, especially under 20, would be a good indicator to get in. RSI(14) topped a little earlier than MFI, but also sliding. Pretty much the same read as above. Stoch(14,3,3,exp) goin' down sharply. Buy signal generated if it bottoms below 20 & turns up. Combined StochRSI 3 out of 4 seem to be converging, but long term line is off in space. Too bad, a great indicator, but not so here. Tried Williams %R...somebody help me...looks like a really bad match, but right now it's definitely saying something... William's ADI, still sliding. Not much lower to go. Overall, I still see softness, indicating some more time to buy, possibly some more price decline,'tho it's been holding real steady despite some soft indicators. January's price support was around $1. Looks like Feb's is around $1.20. Also looking at the nice downtrending waves again...what the heck...I'll say a little uptick to $1.30 followed by a down to $1.12 prior to news and the next price ascent. This up-down to take place in the next 2 weeks. This would also allow some of the other indicators to get primed.