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


To: Augustus Gloop who wrote (20739)6/1/1999 11:24:00 PM
From: Tulvio Durand  Read Replies (3) | Respond to of 34811
 
RMBS gave 2nd sell signal on 1-and-2-box; gave DB break on 3-box; reversed to Os on 5-box. Fixating on the near term, and on weekend news that IBM has dumped RMBS for another, competing, standard -- I shorted RMBS. Price objective below BSL (mid 50s) seems reasonable based on vertical Os count. Stop to cover on 6 point reversal. Add to short position at 60, 50. Comments?

Tulvio