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


To: Bull RidaH who wrote (63909)1/8/2001 4:41:18 PM
From: Rich1  Read Replies (1) | Respond to of 93625
 
And in this dismal forecast you expect RMBS to hold $33???



To: Bull RidaH who wrote (63909)1/8/2001 7:13:23 PM
From: IndexTrader  Respond to of 93625
 
David,
Thanks for the analysis.
I have trouble, though, with the imbalance of waves.
1- 177 years and 83 points
2- 14 years and 25 points
3- 17 years and 842 points
4- 2 months and 85 points
5- 2 years & 2 months and 623 points.

I have been spending some time with Neely's book. You may not agree with his methods, so this may not apply to your Wave Count. But, Neely has rules about Similarity and Balance.
"Price: For there to exist a price similarity between two adjacent waves, the smaller of the two waves should be no less than 1/3 in price of the larger wave.
Time: For time similarity to be present between two adjacent waves, the shorter time pattern should not be less than 1/3 of the longer time pattern.
If in any comparison, neither of the above rules is obeyed, the likelihood two adjacent waves are of the same Degree is very slim."

I am very curious why you see 8/97 as the end of SuperCycle Wave 3.
I do like the idea of this being a large ABC from the September high. It sure looks like an ED forming from the November high, so I have been thinking we stop and reverse at about 1240ish.
Thanks again. I hope for all our sakes, that you are wrong.

You are going to have to change your handle to SuperCycleBear. <g>
Susan