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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (504)12/18/1997 9:36:00 AM
From: Trader X  Respond to of 2377
 
RMTR has had a nice bounce from $5 to 6 recently.

quote.yahoo.com

Technically speaking, my feeling is that this sector has not made a bottom yet, and any upward moves in the next month should be considered short term trading rallys or relief rallys to sell into.

If history is any guide, the sector will scrape along the bottom for a few months yet and start a new bull cycle in the spring around tax time. Traders can profit though. Buy and holds should wait.

-Kevin