Sorry I should provide this output first:
/etc/inittab/
------------------------------------------------------------------------
id:3:initdefault:
# System initialization.
si::sysinit:/etc/rc.d/rc.sysinit
l0:0:wait:/etc/rc.d/rc 0
l0:0:wait:/etc/rc.d/rc 0
l1:1:wait:/etc/rc.d/rc 1
l2:2:wait:/etc/rc.d/rc 2
l3:3:wait:/etc/rc.d/rc 3
l4:4:wait:/etc/rc.d/rc 4
l5:5:wait:/etc/rc.d/rc 5
l6:6:wait:/etc/rc.d/rc 6
# Trap CTRL-ALT-DELETE
ca::ctrlaltdel:/sbin/shutdown -t3 -r now
pr:12345
owerokwait:/sbin/shutdown -c "Power Restored; Shutdown Cancelled"
1:2345:respawn:/sbin/mingetty tty1
2:2345:respawn:/sbin/mingetty tty2
3:2345:respawn:/sbin/mingetty tty3
4:2345:respawn:/sbin/mingetty tty4
5:2345:respawn:/sbin/mingetty tty5
6:2345:respawn:/sbin/mingetty tty6
# Run xdm in runlevel 5
x:3:respawn:/etc/X11/prefdm -nodaemon
---------------------------------------------------------------------------------
[root@oelinux ~]# ls -l /etc/rc[S0-6].d
lrwxrwxrwx 1 root root 10 Aug 31 17:26 /etc/rc0.d -> rc.d/rc0.d
lrwxrwxrwx 1 root root 10 Aug 31 17:26 /etc/rc1.d -> rc.d/rc1.d
lrwxrwxrwx 1 root root 10 Aug 31 17:26 /etc/rc2.d -> rc.d/rc2.d
lrwxrwxrwx 1 root root 10 Aug 31 17:26 /etc/rc3.d -> rc.d/rc3.d
lrwxrwxrwx 1 root root 10 Aug 31 17:26 /etc/rc4.d -> rc.d/rc4.d
lrwxrwxrwx 1 root root 10 Aug 31 17:26 /etc/rc5.d -> rc.d/rc5.d
lrwxrwxrwx 1 root root 10 Aug 31 17:26 /etc/rc6.d -> rc.d/rc6.d
[root@oelinux ~]# uname -a
Linux oelinux 2.6.18-92.el5 #1 SMP Fri May 23 22:17:30 EDT 2008 i686 i686 i386 GNU/Linux
cat /etc/redhat-release
Enterprise Linux Enterprise Linux Server release 5 (Carthage)