Monday, September 05, 2005

Triangle escape; RITA

Quiet day today since it is Labor Day, so I have time to post another update.

Let's look at RITA;

She finally managedto get out of the triangle on the upside, although not on high volume. Because she didn't really make a move on high volume I don't consider this a valid break out.

We will have to see how RITA behaves the coming days to really see what play RITA is playing.
In the mean time the plan is simple; HOLD as long as RITA closes above the ascending trendline.


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