VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: hroark2000 who wrote (33641)	3/15/2001 11:44:25 AM
From: edamo	Read Replies (3) of 65232

hroark2000...the only thing that is evident in rmbs is that its market dynamic broke down...it was holding above tested lows and was able to rally at times...when a new low is set on higher then normal volume, then the floor is taken out, and the support oft times becomes the upside resistance...its doing this on a day where most semis are up....hard to predict what weakness it may have due to lack of buying interest on an overall down day.....it has always been a high pe/no pe valuation risk...its minute pattern today is not encouraging...its overbought at 26 7/8 at the moment....if it sets a new low on its next swing to oversold, which it has been doing since the open, then it has not found support....long term probable it may be higher if the fundamentals and ip are certain...short term any time sensitive positions are not in good shape

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