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

To: Musya who wrote (5590)	7/10/1998 1:49:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 93625

Musya, RMBS has had a stellar history of retracment <g>. The major consideration here for new investors is has the overall trend reversed or not . In the past (during the downtrend) each time RMBS tested the 50 DMA on the upside, it failed, and it continued to make lower lows and lower highs. We blew through the simple moving averages on the CPQ /Dell news on extremely heavy volume. Right now, I consider RMBS to be in a continuation pattern.....Will it break out again to the upside or the downside? Here's where I think the charting is particularly ineffective. RMBS moves on news, and we now have a situation where news can come from many directions (the current and future licensees) Therefore it seems that the "news" wild card factors simply cannot be predicted. Would you agree with me that the stock is in an intermediate continuation pattern? Thanks, bp