RIN - 21st august 2006.
There's been quite bit of talk about RIN lately.....
"where is the bottom"...... "they've gotta be cheap
now"..... "if US housing stats are not as bad as expected, it could
fly"....blah blah blah....
Anywayyyyyyyyyyyy..... Now the chart is starting to look promising IMO. There was good solid volume to catch the fall, and more recently volume has been tapering off - sellers running out?
Nice bullish divergence on oscilators, broken out of tight consolidation - even though consolidation period was not exceptionally long.
A MICKEY trigger was set up on Friday, and today price came within 1c of firing it. I had my buy in 2c above the MICKEY trigger - buy was in @ $13.42 and was filled. fingers crossed !
Disclaimer: The above mentioned information is my opinion
only, and NOT to be taken as advice as i am NOT a licensed
advisor. Caveat emptor.
My time frame is "as long as it takes"