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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (6497)8/29/1998 9:51:00 PM
From: Mr. BSL   of 34816
 
Hi Judy. RMBS - I'm not familiar with the fundamentals or the story with this stock. P&F - has its RS in a column of X's, which is good especially for a semiconductor stock. Unfortunately the recent downturn to 54 took out its Bullish Support Line. The fact that it snapped back a few points quickly after hitting the BSL and the fact that it has strong RS leads me to believe that the worst may be over.
I would expect this stock to do a little base building before it takes off again.

Good Luck
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