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

To: ViperChick Secret Agent 006.9 who wrote (13113)	1/27/1999 1:37:00 PM
From: quote 007	Read Replies (2) \| Respond to of 34811

to all, according to dorsey sight nyse bp has reversed--DEFENSE on the field!!!!!!

To: ViperChick Secret Agent 006.9 who wrote (13113)	1/27/1999 2:53:00 PM
From: Dennis J.	Read Replies (1) \| Respond to of 34811

Lisa. FWIW, here's what I see for RMBS. Looking at the p&f chart, RMBS ran to 108 before correcting and breaking some DB's. Trading range is 82-92, and holding. Up days are usuaally followed by down days, so the selling has yet to dry up. AIQ has been giving signals for the last 5-6 trading days that suggest the ema's have slowed their declines, and suggesting a reversal will follow. Intraday lows are meeting some buying, with the closes at 84-86 or so, which is support at the longer-term ema's. I use 4, 9 and 16-week emas, and the 16W ema is about 84.5. For believers in RMBS, buying near 82-84, then a TT breakout at 93, and back up into the 100's. Of course, I could be wrong. But this is what I see. Dennis