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Strategies & Market Trends : T/A: Golden Cross
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To: Rich1 who wrote (18)4/25/1999 8:05:00 PM
From: Jorj X Mckie  Read Replies (1) of 39
 
Rich1,
I use P&F analysis. Since February, RMBS has given 7 consecutive sell signals...no buy signals.

I do see support at $50 and then down at $40, but even on the longer term trend charts, there is nothing positive.

Additionally there is reason to believe that INTC is backing off from their original support of RMBS' technology. This is not necessarily substantiated though.

JXM
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