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

To: Zeev Hed who wrote (48306)	7/30/2000 2:08:27 AM
From: richard surckla	Respond to of 93625

Zeev... I thought of you when I cam across the following post. Care to interpret? From : etfremd Jul 28 2000 7:47PM Replying To : Foxy (post 2910) Title : From The House Of Candlesticks From The House Of Candlesticks: We are sandwiched between the up gap in June and the down gap two days ago. We have penetrated into the up gap considerably, which has weakened it. This is totally amazing- we have a doji today, the doji sits in front of a med size black candle-odd hammer shaped candle which sits in front of a shooting star- hanging man with a window between the real bodys. I can't figure out for sure if this is a strong reversal. It is near the top of the candle so it not a clear Harami pattern. I tend to think it is not a strong reversal- the doji is weak at turning a bottom but we also have the strength of the up gap intact. We are truly at a decision point. The volumne is larger but still not large compared over the last 3 months. If on Monday we penetrate and close the down gap by hitting 81-82 we know we have reversed. If we do not close the down gap by Monday this gives strength to the trend which is down. If we hit 78 and bounce back down with the slide of the market, then we may be heading to break the up gap completely. This could send us all the way back to test the next gap up which is around 42. However we have lots of support to battle in getting all the way back down there. The weekly chart shows two black crows add another black crow next week and it looks like we head down towards 42 or lower. If we get great news next week then we could also show a continuation pattern and continued with a big uptrend. But that would take news to get us back to 100 or so by the end of the week. I don't think that is likely at this point. I think we will see a little rally on Monday and Tuesday, going sideways and up a little. We needed to reverse since we had 8 lower lows. Can't really say more about what is going to happen because we need to wait for the candle to form. MACD showing down trend, but Stochastic is oversold so we do not have good synergy here. However Stochastic can stay bottomed as well as topped when dealing with powerful trends. News moves this stock as well as the general market conditions- without more news the price will erode over time. How do you put graphs into the posts so everyone can review? Graph_URL(http://www.askresearch.com/cgi-bin/chart?symbol=RMBS&exchange=USA&size=640x480&months=3+months&type=Candle&color=Graph+Paper&scale=Logarithmic&moving=exponential&moving1=50+day&moving2=100+day&moving3=200+day&bollinger=20+day&ind_vol=on&ind_obv=on&ind_sto=on&sto=5-3-3&ind_wpr=on&wpr=12&ind_rsi=on&rsi=8&ind_macd=on&macd=12-25-9&roc=16-8&ind_mfi=on&mfi=13&refresh=300) Graph_URL(http://www.bigcharts.com/intchart/frames/frames.asp?symb=rmbs&time=&freq=) Replies to this Post: 2919. Display Problems from Jessen on Jul 29 2000 12:54AM Say Something! Most Recent List All