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[sharechat] RCH Chart

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Tue, 14 Aug 2001 14:18:52 -0700 (PDT)

<<<<  I'm holding RCH and down 3% of my account value.  Can someone please tell 
me what the indicators are saying.  I cant be sure if I'm acting on fear or 
logic.  Can you?  ..... Ross >>>>
 Ross, 
       No need to be confused - the situation is crystal clear. RCH was in a 
strong uptrend for 3 months or so. This ended with the trendline break on 
19/7/01, giving an exit price of 87 cents. No technical analyst would have 
bought after that date.
 I do not know whether you bought before or after the trendline break, but if 
it was after, it is important that you analyse your reasons for entering this 
trade at the stage you did, with a view to eliminating entries against the 
trend in the future. 
 The trend is your friend only as long as you keep on the right side of it.
  Regards,
             Phaedrus.

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