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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (8487)	10/11/1998 12:19:00 PM
From: MileHigh	Read Replies (2) of 34816

Didn't you give a "buy RMBS at market" signal about a week ago, before the fall to 48-50? Now you are saying be careful....!? I don't understand. I also questioned on this thread the validity of the RMBS spike above 66/67 to 71.785 only to see RMBS come off that intraday high and close at a loss. And someone on P&F said this was bullish and it suggested a buy signal. I questioned that as well and RMBS fell from that high of 71.875 to 49'sh recently. Now you are saying "watch out"? No disrespect, but RMBS does not act like highly liquid and heavily traded stocks like KO, GE, etc... I just wanted to point out, that my opinion on RMBS right now is to reneter if you have not already because the AMD news, the Micro Designs semi forum this week in San Fran, and earnings announcement.. We should see some big upward movement, THEN I would consider selling if you are a trader! Regards, MileHigh

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