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Strategies & Market Trends : Point and Figure Charting

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To: MulhollandDrive who wrote (620)	2/12/1998 4:58:00 PM
From: Ms. X	Read Replies (1) of 34811

Hi Bettyann, Glad to have you come on over! Rambus' chart always gets a giggle out of me. It's all over the place, way up, way down. Someone could make a lot of money buying calls and puts on this thing (if they had a crystal ball) Anyway, It's been on a huge rally up from its fall to 40. That decline broke through its bullish support line and a quadruple bottom sell signal at 44. With this rally up RMBS has flipped both the daily and weekly momentums positive. The chart still needs a little work. It might be too much to ask for this one to get organized (since it is volatile) but; if it can break 57 which would give it two consecutive buy signals and break through its bearish resistance line, I would say it is in good shape. I wouldn't want to see it fall to 44 breaking support levels though. Jan

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