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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (49056)8/16/2000 6:29:42 PM
From: Oral Roberts  Respond to of 63513
 
The problemI have with the RS is that each time RMBS is making a high, the RS is lower then the previous high. I have found this to mean after having it pointed out to me that the stock is not moving in that direction with conviction, almost like it is making a correction before continuing down. I have found it to be fairly accurate picture of a stock that is weak even though the price isn't showing it.

50DMA cross on a stock that can gyrate like RMBS I haven't found very meaningful personally. I also find it troublesome that it broke through but did not continue on good volume. Perhaps it will now act as a support though but if it didn't I would prepare to hit the eject button:)

Just something to think about:)

Jeff Roberts