Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 100.63

+5.4%

3:59 PM EST

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To: wallyam who wrote (5543)	7/9/1998 11:00:00 AM
From: Musya	Read Replies (1) of 93625

In my previous life (before market) I was a Ph.D. mathematician, doing all sorts of data analysis. I can tell you that much: I think that Fibbonacchi numbers were "pulled by their ears" to fit into stock market. I do not think that they have any role in the market whatsoever. TA is a reflection of the psychology of the market participants, the reflection of their fear and greed. I use resistance and support, I look at volume a lot, I like RSI, MACD, accumulation distribution, 1/3 to 2/3 retracements etc. Since I was a mathematician and a programmer, I am writing my own programs and trying to find a good predictor for the stock I really like (not that they will go up, but the predictable pattern stocks). I am a big fan of the Elder's book "trading for a living." Musya

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