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

To: Brister who wrote (62413)	12/5/2000 1:29:26 PM
From: Rich1	Respond to of 93625

Be interesting to see if Bull held all this time..

To: Brister who wrote (62413)	12/5/2000 2:03:09 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 93625

Yo Bristah... Looks like a very powerful move off a clear cut bottom on all major indices. Nasdaq Comp & S&P in lockstep and in same wave count, with March highs being END of Impulse waves higher and major top. That followed by 5 waves lower into 5/24 to complete an "A" corrective wave, from there a zig-zag up ending on 9/1 for "B", and a 5 wave move lower into last Thursday's low for "C". This completed ABC wave should be the end of "A" in an enormous degree ABC corrective. So now we've begun the "B" wave up, and the question is, how high can it go? It's maximum length is 2X that of A, and if the entire large scale ABC is a flat, it MUST retrace at least 70% of A, yielding a MUST SEE 4349 on the Comp, and 1459 SPX. New highs are certainly a possibility on the SPX, but would be very difficult on the Comp absent a move above 500 on Rambus, which on second thought shouldn't be too difficult. <g> The "a" portions of these "B" waves, which is exactly where we are now, are exceptionally strong, in order to fool the shorts into believing such a "straight-line" move is unsustainable. However, in the end, it should be more sustainable than the shorts patience, whose patience and capital will finally give way near the end of the "a" wave. Naive bulls are also "dusted" figuring they've already missed the move, when in fact it has just begun...Or they believe this rally will fail like all the rest, Not the case. Thus, market makers are long truckloads of stock and call options dumped on them by margin calls, frightened insiders, stopped out swing traders, and euphoric bears... With nobody much in the mood to take this supply off their hands at "these prices." Market makers nearly always get their way, because their partner and backer is none other than Alan G & the fed bunch.