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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (3620)	10/18/1999 8:35:00 PM
From: Ocean_Joe	Read Replies (1) \| Respond to of 19428

RFMD Two year chart shows definite uptrend BUT it just completed a double top to 55, normally a BEARISH sign. Closing at 45.75 is awfully close to going below its 50dma, which often triggers many a sell program (set at 3% or 5% below 50dma at close), especially for a stock that is doing so for the first time after a good run, which is what we have here. Maybe it is the toilet market that we are in, but the stock made the double top over a two month period. So, I would feel better about shorting it on any rise it has tomorrow (47 3/4 - 48 1/2ish maybe) with a stop loss at 1 1/4 pts above that. Three or four days ought tell if the double top was confirmed or a temporary resting place. Hope you don't mind me answering, purely from TA. Double tops are pretty reliable. You have me tempted now. Ocean Joe