Thursday, December 07, 2006

RMBS (Excellent Cycle)

Above we have a 5 1/2 year weekly chart of RMBS.. What I find very interesting about this stock is how cyclical this stock is.. Notice in the above chart how RMBS tends to make significant lows every year around September.. This is a very accurate cycle and should be watched for every year for a trading opportunity.. Right now the cycle suggests that there is still a little more room left to the upside based on the average rally for this stock..

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