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bbgold

04/29/03 2:16 PM

#13457 RE: RCKS #13456

I am not sure Steve
I am anticipating down but could be wrong. Below the Intraday SMAs looks bearish but still longer term support on the 5 day charts. A failure at 8440-8420 could setup another decline. MACD might just be resetting to 0 though for another upleg. Hard to tell if the Support will hold here so I am just watching. Let's see if we continue to consolidate or lose support and have the DMI- take over the trend or not.
Good Trading Steve! :^)

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bbgold

04/29/03 3:30 PM

#13458 RE: RCKS #13456

Consolidation and SMA support
The bounce off of the SMA support looks to be taking us higher here, for now. I will most likely wait until tomorrow to look at the Puts again. A HOD at EOD and resistance might make for another good Put entry but this move could easily set up a gap up in the AM, maybe. Looks as though reading the Plan as Bullish above the 100/320SMA was the way today. Will have to watch and see about tomorrow again.