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

To: Al Serrao who wrote (8003)	9/28/1998 8:21:00 PM
From: MileHigh	Read Replies (2) \| Respond to of 34809

Al and thread, I have not had the time to read all the posts today, so if RMBS has already been discussed, I apologize. If not, I would love to hear comments on todays action! It gapped up at start of trading, then broke out of a triple top around 67.5 and established a new 52 week high of 71.875 on heavy volume the first few hours of trading. Then it moves from 71 down to 63 or so, to close 1/8th off the low of the day and closing off 1 7/8th for the day!! Should make for an interesting P&F chart....Does this action qualify as "breaking a triple top"?? Or does it need to hold the high? TIA. It looks ominous to me, RMBS could move lower. MileHigh