RIMM Warns, Huge Monthly Support Now

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December 3, 2008

Here is a chart I posted on September 10th. Did I know RIMM was going to go down? Yes. Did I personally benefit from what I derived from the technical picture? No. Did you?

RIMM’s massive monthly support appears to be 34.21. There might be a bounce there. If there is no bounce on RIMM at this level, then the next monthly level is 27.31 and 24.62.

I’m heavily short today, minus owning short etfs, but I may pick some up.


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