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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: MileHigh who wrote (23418)	6/23/1999 12:53:00 PM
From: JH	Read Replies (1) \| Respond to of 93625

To thread: not trying to throw cold water, but just a TA warning: a Long Legged Doji (6/21) after a long white cadlestick (6/20) may be a warning that a top is near. Steve Nison , in his excellent book, Japanese Candlestick Techniques, devotes ten pages to the discussion of this particular formation. Today's candlestick is shaping up to be yet another doji, which strengthens the predictive power of a possible reversal. TA analysts out there - any comments? Heeding this cue, I've sold 50% of my holdings in RMBS today. Bond yields are rapidly climbing to retest its recent highs of 6.159% and I would not be surprised if tech stocks stumble once again.