RIMM...
well, it seems our discussion of RIMM has been advanced somewhat,,,my caution of H&S,,, you from a potential reversal doji...as I play catch up ball with mdd thread and noticed good dicussion with RIMM as an example (I'm taking a look at the hourly over 50 days, and the daily)...
somehwere in this area, i started to pick up and read..
Message 14822471
one of the url's...
stockcharts.com[L,A]DACLYIMY[DC][PB10!B20!B50!B200][VC60][IUC20!LA12,26,9!LD20!LH4,3]
and from Intelligent speculator...I've noticed a tendency for horizontals to suggest a neckline,,,this is not always the case as diagonals are useful as well,,,the degree of purpose all depends on the individual user, I suppose.
and on that premise, is it possible that the neckline could be moved further south (71's) on a diagonal, touching the base of 10/30...if this is so, are we now forming the right neckline,,,slightly piercing....a shoulder within a shoulder?...
intelligentspeculator.com
I guess we can complicate this as much as we choose,,, applying the objectivity of the charts with our subjective interpretations...!
RIMM generally mirroring the compx,,,so other nasd's probably doing the same.
if the trend is intact, and H&S serves as a strong reversal pattern,,,the reasonable conclusion is to see RIMM at lower levels in the days to come, maybe a tradeable rally here and there along the way.
my problem ,,,can't figure whether I am reasonable or unreasonable...!
with love,
bobby bulla |
