Forum Archive Index - September 2001

[Phaedrus <Phaedrus@techemail.com>]

  On 31/8/01 Peter Robertson wrote "Theoretically all those that predicted 
RBC's steady rise have also had the knowledge to sell on Wednesday (29th) and 
buy those shares that they have already sold today at 10% or so less, hands up 
anyone that has been this clever!!"
  Rubicon broke below its rising trendline on 30/8/01, ending a 5 month 
uptrend. Traders using this as a Sell signal exited at 77 or 78 cents. Todays 
Close of 69 cents is right on the tentative trendline marking the current 
downtrend. A Close above this would be a trendline break, and a Buy signal. 
Should the Close tomorrow be below this figure, this would constitute a 
confirmation of the hitherto tentative trendline. Any Close above this 
trendline would be a Buy.
  Nearly time to get back in, perhaps.
                      Phaedrus.

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