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Re: The Wawh post# 28

Monday, 08/01/2005 1:49:21 PM

Monday, August 01, 2005 1:49:21 PM

Post# of 1824
Wawh--refer to the chart on post #20...

I figure RBAK should go up to at least 8.85 on the breakout of that double-bottom, but like I said, it needed way above average volume in the first hour this morning to keep moving up, which it didn't have...

8.85 is the minimum pps on the next leg up (that is, "if" it continues up), and RBAK has a way of continually exceeding all expectations during a run, so I would say 9.00-9.20 is not out of the question...

Today is still OK though, as consolodating here in an uptrend is what it does quite often before the next leg up...A close above Friday's close would be encouraging...It's great it set a new intraday high by .12 right after the open, that tells me it still wants to go up...it has outlined where it's headed next...time will tell...

Good Luck To ALL ;^)




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