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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (2042)	3/27/1998 10:27:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34812

Hi Judy, I can't remember what I said about ADBE, I remember HWP. I'm glad you got out of ADBE yesterday although it isn't doing that bad today. I agree that it can stay in overbought territory (the market) for quite some time which makes it even more important to buy wisely. RMBS on the short side? I can make more of a case for short than long. It has very weak RS, below brl and just broke a double bottom and spread double bottom making three consecutive sell signals. Way below the October highs and getting close to the November Low of 37. It might spring up from here but if playing it long you would have to time it. I know this one is volatile and can make for some good fun or huge despair for a trader. It is getting close to the bottom of its trading band so you could speculate the selling is close to being over but I would wait for some solid sign that this is true if going long. Take care, Jan