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To: lindelgs who wrote (23726)	6/26/2000 11:30:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

TA on RamboLito (RMBS) from a gross amateur TAnalcyst hard to defend any claim that old high of 113 truly was exceeded intraday it traded above 120, but no closes above there so it looks like a big honking deep deep cup pattern now trading well above all three principal moving averages it wreeks of overbought daily stochastics (closing behavior) is cycling down right now which means this current selloff is not over yet who knows? it could be over tomorrow, or next week relative strength is topping out, now registering above the 80 overbought level last March it remained over 80 for most of a solid month money flow has now tapered off to May levels so momentum is on the wane this beast is seeking a floor to rest on my guess is 90-105 roughly you can often throw out the TA book with such stocks though when the story tends toward revolutionary, TA dont mean much funny though here, TA seems to be holding up translation: buyers last March at peak values might have bailed, strange as that sounds now with the new bigtime news when the news music stops playing, seats will fill fast dunno when its earnings are reported, but probably mid-July it might dally about these highs and then seek support I say 90-105 is a resting stop however, if RMBS settles down in the next few days, then we might have a bullish stochastic divergence setting up I will watch for it, esp if given proper incentive / Jim