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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (116)	5/18/2001 10:18:21 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, RIMM has now entered the "Failure Zone." It could probably be shorted right now with a reasonable amount of confidence. But I'm a bit conservative that way, and for a stock rallying up to resistance I like to see it fail intraday support, rally to test that same level, then fail at that test. RIMM did not do that today, but the key support I'd watch would be the 100 min ema: askresearch.com Of course, there's also candle support at about 35 1/2, and that might be the test there, as the 100 ema rises to meet chart support, and tests that area (probably Monday). I think it likely RIMM will fail at that point, partly because of the overbought conditions you pointed out, as well as the evening star near-Doji, and weakening volume. BTW, I think this marks an historic moment: Vendit Talks Volume !! <gggg> Gotta admit, RIMM is setting up very nicely..... T