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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: brk who wrote (18393)	1/19/2001 10:20:45 PM
From: Walkingshadow	Respond to of 19374

brk, RIMM has still not signaled, though it continues to suggest that it soon will. RIMM has entered the "Failure Zone", the vicinity of the downsloping 20 and 50 day emas: askresearch.com Intraday 30 minute chart shows that RIMM has still not broken support at the 200 minute. There is an interesting formation on this chart which looks at first like a cup and handle, but since it corrected back to the level of the bottom of the "cup" on fairly strong volume, it is probably a double top. Also, note that the "handle" is not a pennant, which is more typical for a cup and handle: askresearch.com The hourly 5 EMA/8 SMA chart shows equivocating signals, 'porpoising' between rather unenthusiastic buy and sell signals. 207.61.23.99 On the 25 day Bollinger band chart, the target reversal point for RIMM would be the mean of the bands, which right now is at 65. If RIMM shows any further strength next week, I would look for an entry near this point. 207.61.23.99 RIMM has traded above an upsloping 200 day ema for three straight sessions now, but has not looked strong, as evidenced by the hesitant looking candles and the weakening technicals (with an overbought 5-3-3 stochastic) on the daily chart. Still, this puts it in the category of an uptrending stock (short-term), though I don't expect this to last long. You probably won't see a RIMM short develop this perfectly, but a best-case short entry scenario would be with early technical sell signals at the mean of the 25 day BB, after RIMM has moved below the 200 minute ema, rises to test it, and fails at that test. At that point, the 200 minute will likely be downsloping, and there will very likely also be a 5 EMA/8 SMA crossover sell signal on the hourly chart. That would IMO be an ideal short entry point. JMVHO, as always............... Walkingshadow