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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (3441)	11/3/2000 1:56:46 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 8925

So on the 5 min RMBS so far is playing out the bull flag near a test of top scenario. Volume dropped off on the pull back. Bar just prior is an up bar (higher high and low, forget about the close/open). Scenario a is the high of day is a magnet and price runs up there and a bit, and then we get to see what happens and maybe act on it. Scenario b is the up bar and current bar don't gather enough energy and we get the 'what can't go up, must go down" scenario. The longer it languishes the less sure traders are in both camps. Can you feel the tension? On the 15 minute chart the range is narrowing, currently two inside bars (last one still forming). Tension! :) Good luck folks, now I really do have to go and beat my database into submission.