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


To: MileHigh who wrote (8176)10/2/1998 6:30:00 PM
From: Jorj X Mckie  Respond to of 34824
 
Hi MileHigh,
Hard to tell but most indications are that it has a positive momentum. RS is positive and gave a buy signal and it bounced off of support at $56. But of course it did break a triple bottom to get to where it is today. Unless the market barfs in a big way, RMBS doesn't look like the weakest kid on the block from where it is sitting right now. Next resistance is $65.
Tom