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Technology Stocks : Research In Motion TSE RIM Nasdaq RIMM

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To: Robert who wrote (772)12/6/2000 2:51:52 PM
From: xtahce  Read Replies (1) of 989
 
Robert agree regarding market on the whole needing to stay the course.... at least until FOMC on the 19th, but we are also heading into an early triple witching Friday (Dec 16). Breather today is good and allows for a bit of base building.

Don't know if this chart will work, but take a look. Note that both the OBV, CMF and AD are based on yesterday's closing values. I keep the BB tight at 8:2 because of it's historical volatile actions. Although MACD has crossed it's MA it is still in the negative range, but climbing. Resistance is at the right shoulder and 50MA being $95.25. I like the fact that the CCI has crossed into positive and Williams is up into oversold, yes I consider this to be bullish right now until it's scenario gets exhausted. Looks like it could close between 88 5/8 and 89 7/8.... that's if my crystal ball doesn't go foggy on me in the next 70min LOL!

Make sure you also watch it's activity on the TSE as well. So often this stock moves in the opposite direction of what the markets are doing....

stockcharts.com[L,A]DALLYYMY[DB][PC10!C20!D8,2!B50!B200!F][VC60][IUB14!LA12,26,9!LK14!LM30,15!UL14!LC20!LF!LG!LD20]

I don't day trade, but I do take advantage of it's movements with some RIM traders that are outside my LTBH shares. Always interested in hearing others take on TA, still learning.... don't think I'll ever stop

Best of Investing

Xtahce
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