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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (13838)	5/14/1999 10:11:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

KM, the descending triangle on RNWK i referred to in our last discussion looks like it may be broken to the downside, so this looks really like a shorting opportunity; but be careful, the caveats i mentioned still apply.just look at ATHM, the broadband and by extension, streaming media craze is still in full swing. re: RMBS, i don't really follow that one, but it looks overbought and has just bumped into resistance.still, the 10- and 20-day moving averages have had a bullish crossover recently and there seems to have been strong impulsive buying of the stock in the last two sessions. in view of this i'd wait and see how it handles the resistance before shorting it. regards, hb