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

To: pompsander who wrote (41170)	4/29/2000 10:53:00 AM
From: Zeev Hed	Read Replies (4) \| Respond to of 93625

Pomp, a marubozo is a "bozo" with a "maru" in front of it. I believe it is a very bullish candlestick pattern, in which the stock opens at the low of the day and closes close to the day's high (that is why I said we did not have exactly a "bozo" here, but it sure felt like one). Mind you if that is followed in the next week with a gravestone doji, the implication would be that this beautiful new trend is negated. I still am quite negative on the next few weeks for the market in general, and that is why I am mentioning the potential gravestone doji. I do not like "divergence", and the NAZ put in a "marubozo" of its own Friday, while the DOW broke an important support at 10750. Furthermore, the tick has never reached plus 1000 since the low in mid April, and yesterday was particularly disturbing with the tick getting very high (some 800) but the ARMS (or TRIN) getting to 1.88, indicating that while a lot of trades went on upticks, the big volume was in decline stocks. Smelling of heavy distribution. Zeev