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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	8/23/2000 1:10:00 AM
From: garyandjody	Read Replies (1) of 100058

Hi Dr. Bob.. thanks for the new site, it's a great site, I had heard of it just never took the time to check it out.... until now and I do greatly appreciate your invitation. I am currently in a bull put spread for RFMD. I was wondering what your opinion might be as it is going to split this Friday. With this market volatility its hard tell one way or another. In my opinion, macd,wrsi, money stream, and tsv are positive on a daily chart. It has recently broke out from a long downtrend. There might be a possible inverted h&S formation going. I think the candle for today is also bullish. Yet with the possible profit taking tomorrow from today's FED Meeting, I think in the very sort term there may be a small downside to the stock unless market conditions become favorable. i am also concerned about the oversold condition of the VIX. Do you think there is more downside? Thank you for your opinions! G&J

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