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Traders Thread - Wednesday 8th June (TRAD)     

Greystone - 07 Jun 2005 21:21


Digger - 08 Jun 2005 09:45 - 28 of 31

Chart.aspx?Provider=Intra&Code=RTR&Size=

little woman - 08 Jun 2005 10:14 - 29 of 31

Digger, i don't suppose you could provide some info on what you think the charts mean?

For fundamentalist like me - its difficult to work out if the "buy" or "sell" signals are being given!

Digger - 08 Jun 2005 11:31 - 30 of 31

I look at the fib numbers from recent high lows Dec 13, 358 Marc 8, 428
Fibs 410.5 62% 399 50% 391.5, 383,
High march 428 to low 371 May Fib 399 50% , 62% 405
RTR closed above 400 yesterday and tested it today .This indicated that this may be the new support line/level for day trades.
Resistance today was 405 with 410 as the next resistance
415 was the possible target for today based on the low of 371
Once the resistance lines are broken it is said that they provide support.
Looking at RTR the ema provides a guide to support and resistance having worked out the possible targets .The candle shapes provide further indication of movement.Using this theory rtr may bounce from 405 with further support at 400
I am sorry about the note form of the info ,but a little busy at present

Chart.aspx?Provider=Intra&Code=RTR&Size=

little woman - 08 Jun 2005 12:24 - 31 of 31

Note form is short and to the point - excellent
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