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

To: MileHigh who wrote (8023)	9/28/1998 9:18:00 PM
From: Al Serrao	Read Replies (1) \| Respond to of 34810

MileHigh, any stock that moves from 45 to 71 in less than a month is entitled to a pullback. As we discussed, RMBS gave a double top buy signal at 65 and broke resistance at 67 and then broke to a new high. RS looks great. Looks like a strong stock to me. Regards.

To: MileHigh who wrote (8023)	9/28/1998 9:31:00 PM
From: stan s.	Read Replies (2) \| Respond to of 34810

A compelling short term test for RMBS here. You may or may not have noticed me making noise yesterday about the P&F buy signal earned by RMBS on Friday. I was was intrigued by the "double top" buy afforded it by Friday's surge after wednesday's decline. Look at a different chart (candlesticks here)....note it still fights the triple top battle....no major double top victory to speak of. geocities.com I'm talking open and closes here not surges....in fact today's Candle was a bearish long upper shadow...a bit more ominous due to it's occurrance at resistance. Note RMBS is overbought short term....sell signals are just being triggered as the indicators dip below their respective lines. Remember these are only short term momentum indicators...note their relative efficacy in the past. Blue vertical lines. By the way the blue horizontal line at the bottom is nothing...just noticed it.... Can RMBS still rally....sure....some factors are still positive....but in the short term it's dicey....bears watching closely for traders. This is obviously no slam at P&F...this story isn't over and in fact most TA goes hand in hand ...with only timing disparity....as will be the case here one way or the other. By the way Milehigh...this is just a general post...not aimed at you...I'm sure you've noted this stuff. Stan