Sell RIMM. iphone too tough. Great charts.

Posted on Sep 25, 2009 by WHC Bassetti in Letters

RIMM is a chartist's dream.  Look at this chart.  It's a theoretical wonder.  Talk about dependable signals.  In '06 it  breaks out of  a consolidation formation on power bars, booms up, forms a flag (or pennant), powers out of it, forms a double top with a perfect neckline (as wll as an upsloping trendline, breaks it and craters, forms double bottom with great neckline, breaks out and finds resistance just around the old neckline.  If you didn't know better you might say the invisible hand of the market is drawing this to validate all the material in Technical Analysis of Stock Trends, 9th Edition.

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