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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (1069)	9/13/2000 7:55:16 PM
From: Clappy	Respond to of 65232

Looking at RMBS' chart I see quite a few buy signals. Perhaps the thing I like the most about it is that we closed off the gap we made during the opening. This leaves us without any open gaps that would need further filling in the future. Currently, Stochastics are just past the point of triggering a buy signal. MACD is about to cross over. If we break through the trendline formed by connecting the descending peaks formed over the past few months, it would be a good sign. There is some OI pressure at 80, 85, and 90 Strikes that may work like a magnet until Friday's close. Some of the $SOX (chipsector) indicators are getting closer to a buy signal. Stochastics are about to crossover. Perhaps we will see some resistance at 93-94. Then some more at 100. This base around 80ish that we formed over the last week or so, should provide support and further support at 75ish. I feel pretty safe at this level and will be looking up. -ClappyTheJuniorJackassWannabe