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

To: jmanvegas who wrote (13746)	1/17/1999 10:21:00 AM
From: Alan Hume	Respond to of 93625

Hi Jmanvegas, " I guess maybe TA doesn't mean anything anymore". Sorry we didn't mean to poo-poo TA: On the contrary, I have a lot of respect for TA, BUT (and a very big BUT) I believe that TA takes forth place behind Fundamentals, Fear and Sentiment. When one of these changes it will drive a stock in a particular direction irrespective of what the charts may say. My personal opinion is that charts are great predictors of future action when we are sailing in calm waters. But when there is turbulence to be expected I prefer th rely on other means Alan

To: jmanvegas who wrote (13746)	1/17/1999 1:23:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 93625

jmanvegas, RE: Momentum The "momentum" of RMBS has shown itself to switch directions on a dime, but just remember that until the downgrade RMBS was making HIGHER HIGHS and HIGHER LOWS, I think you will have to watch the trading carefully next week, but as Zeev pointed out, 85 is the new "higher support" level, and if RMBS holds, the UP TREND is still intact. You may be surprised at how fast RMBS fully recovers if the sideline investors see that 85 is the floor. bp