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

To: Judy who wrote (6497)	8/29/1998 8:11:00 PM
From: Al Serrao	Read Replies (1) \| Respond to of 34811

Judy, what are you expecting on RMBS that would cause it to retrace the recent decline? If you're right, would it be a buy once it fills the gap at 48? Thanks.

To: Judy who wrote (6497)	8/29/1998 9:51:00 PM
From: Mr. BSL	Respond to of 34811

Hi Judy. RMBS - I'm not familiar with the fundamentals or the story with this stock. P&F - has its RS in a column of X's, which is good especially for a semiconductor stock. Unfortunately the recent downturn to 54 took out its Bullish Support Line. The fact that it snapped back a few points quickly after hitting the BSL and the fact that it has strong RS leads me to believe that the worst may be over. I would expect this stock to do a little base building before it takes off again. Good Luck