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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Ally who wrote (889)	12/31/2000 3:55:57 PM
From: bobby is sleepless in seattle	Read Replies (1) \| Respond to of 5732

RIMM I can see a mini flag, a pennant opened to a bigger time frame, right at or near the pivot, lower highs, 50 ema lid, and if valuations remains a concern a PE above 1500+ further add to warning signs... with market weakness, back to 200 ema, then to 50... on strength, could go to 100 for a visit... last month, we talked about RIMM, and links within links dicussing fa and ta. Message 14839271

To: Ally who wrote (889)	1/1/2001 3:00:38 PM
From: Susan G	Respond to of 5732

I agree... the daily not only has a bear flag or pennant but the 5 minute also. The daily is on declining volume, which is a confirmation of a bear flag, but the 5m is on rising volume, could be what Teresa calls a stealth bear flag if it precedes a drop. Another major short signal is glaring, it's under the 20EMA and the 50EMA on the daily while in this bearish chart formation, and had trouble with it on Friday, couldn't break the 20 EMA on the 5 either. The ADX, I'm not that good at reading them yet, but it looks like the +DI is about to turn up with the -DI turning down, on both charts to me. Although we've all seen that reverse in a flash with one good bearish or bullish candle! Looks like a great short if the market is weak, but if the nas rallies I'd run for the hills as this stock also can take on a life of its own when shorts run to cover <g> home.earthlink.net daily home.earthlink.net