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Registered User
Joined: 3/7/2005
Posts: 148
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What are your thoughts on RITA ?
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Registered User
Joined: 12/13/2004
Posts: 76
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The weekly shows a pretty nice base and a low-vol handle. Break out yday was not on the best vol, but a breakout all the same. Previous resistance at around 4.20 corresponds with 38.2% retrace line (8/15/03 and 11/13/02 lows [~2.40], and 4/08/04 high [7.05]4.18), which may now become support, as it has intraday last 3 days.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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gary, not bad on the pullback it's giving, but would like better around 4.10. Speaking of pullback plays, I entered two new stocks today on pulls...CVTX, LAB. And added to MTRX on today's pullback. Not full positions any, still like the charts, but tight stops all with this shaky market.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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I like Rita. She's good in the sack, but I wouldn't marry her.
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Registered User
Joined: 10/23/2004
Posts: 251
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i Would. BOP has shown good buying for the past months and light buying into the bottom. last few months BOP continues to stay reasonably strong on the decline even if it is a little yellow.Punch a five and bring up a weekly chart and you figure it out.first target 2004 high. but Recent activity has required no help from the market. also Check it on a 2-day chart.
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Registered User
Joined: 12/13/2004
Posts: 76
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HaveNoCents, Wishing you would have slipped a ring on her finger and made an honest woman out her now? jk
Thanks for pointing this one out, gary.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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Yep, she is beginning to look like marrying material.
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Registered User
Joined: 10/23/2004
Posts: 251
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LoL!
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Registered User
Joined: 12/13/2004
Posts: 76
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Is this the TC board? Or has a virus redirected us to e-Harmony?
Seriously, RITA is approching the 50% retrace around 4.73. Volume is 2.5x avg.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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Gary my system brought up RITA last Friday. I am not too encouraged by the weekly chart, but nevertheless I think it is changing character, and it is a long in my system which implies strong upbias. Small negative divergences in ROC and of course TSV, buy I think it will pull them both. The intraday activity looks fair enought for some daytrading. It is doing great today.
good luck
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Registered User
Joined: 5/17/2005
Posts: 221
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The breakout pattern was confirmed toaday on large volume. RITA has been forming an ascending triagnle for the last six months. The upper trend line was broken a few days ago. The pattern was ocnfirmed today. Look for resitance around 5.17.
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