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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (48421)12/16/2000 2:23:09 PM
From: UnBelievable  Read Replies (1) of 436258
 
Any Thoughts About How Much Longer RIMM Will Continue To Defy Gravity?

It was quite kind to me when it behaved very well on its recent rising wedge and subsequent H & S breakdown.

I opened a new position on Friday when after breaking down from a rising wedge a few days earlier, it came up and tagged my limit at the old H & S neckline at 82 1/2 which was also the November 30 low and the 13 SMA. While it took most of the day to do this it naturally proceeded up to the bottom of a gap from 9/28 at close to 90 before falling back under a TL drawn from the 10/6 high and the high of 12/7 which is the bottom of a gap which currently measures to 86.

The rising wedge which it just broke down from measures to about 52.50 while the prior H & S breakdown measures to somewhere 40 to 45.

Any reason this should go up of which you are aware, other than stubbornness? <gg>

Thanks
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