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Author Message  tryhay Member Username: tryhay Post Number: 756 Registered: 09-2005 Rating: N/A Votes: 0 Monday, October 08, 2007 - 11:42 pm:     adzman picked this one in Series 5 week 2 and it went on a little trip. I've had a position in RRL since 9.3c and IMO the fakeout has just occurred, and it is ready to go on another trip ~ hoping I have the right post card and signpost. RRL has been sliding sideways (between 8 and 16c) for several years and now volume and some indicators are looking positive ~ perhaps it is ready to venture back towards $1.00 territory. Short term chart: started making higher highs and lows and moving averages are starting to unwind in the right direction ~ not to mention RSI.......  moleman Member Username: moleman Post Number: 294 Registered: 10-2003 Rating: N/A Votes: 0 Thursday, October 11, 2007 - 12:19 pm:     Hi Tryhay Recently I bought a copy of TradeGuider and thought I'd share what it says about RRL. I hope Colin doesn't mind me posting TG screenshots as you definitely don't buy TG for it's charting abilities - it's not sold as a charting package and is no competition. It's very clunky and often crashes, but it does have good propriety volume indicators and stops me glossing over info I'm sure I'll pick up when I'm more experienced. As you can see, TG is saying the increase in volume on 12/9 is coming from sellers. And the next days signal (red square box) says supply is coming in. Otherwise if buyers were committed, why did price close lower than the previous day? Same with the next day. The next high volume day is 28/9 and here the close is well off the highs. All logical stuff which you could pick up without TG, but like I say I tend to gloss over and miss this info. To me, this builds up a picture of RRL staying below 11c in the short term. cheers MM  tryhay Member Username: tryhay Post Number: 762 Registered: 09-2005 Rating: N/A Votes: 0 Friday, October 12, 2007 - 07:36 am:     Hi moleman Thanks for your comments. I watched RRL yesterday and the spread between buyers and sellers was maintained all day, and the buyers finally went to jelly over the last 30 minutes trading with the price reaching 10.5c. Looks to me the 200 day MA have finally dissolved and this share will fly ~ along with our wierd market action.... Someone has been topping up for the big move IMO Five (5) price sensitive Company Announcements in the last ~ month/s: If 12c gets knocked out then watch out 15c! Updated chart: Bollinger Bands suggest explosive move coming up ~ and I can not see it being -ve... Resistance is futile - DYO_ _R (Message edited by tryhay on October 12, 2007)  hershy Member Username: hershy Post Number: 2258 Registered: 10-2002 Rating: N/A Votes: 0 Wednesday, April 29, 2009 - 10:29 pm:     Lotta water under the bridge since the last post. Is Regis about to take off an another 27 cent run ? I do it doji style ! http://members.optusnet.com.au/~hershy/

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