  We analyse ~ 360 ks of archival data from the Rossi X-Ray Timing Explorer
(RXTE) of the 21 hr orbital period dipping low-mass X-ray binary 4U 1624-49. We
find that outside the dips the tracks in the colour-colour and
hardness-intensity diagrams (CDs and HIDs) are reminiscent of those of atoll
sources in the middle and upper parts of the banana branch. The tracks show
secular shifts up to ~ 10%. We study the power spectrum of 4U 1624-49 as a
function of the position in the CD. This is the first time power spectra of
this source are presented. No quasi-periodic oscillations (QPOs) are found. The
power spectra are dominated by very low frequency noise (VLFN), characteristic
for atoll sources in the banana state, and band limited noise (BLN) which is
not reliably detected but may, uncharacteristically, strengthen and increase in
frequency with spectral hardness. The VLFN fits to a power law, which becomes
steeper when the source moves to the harder part of the CD. We conclude that 4U
1624-49 is an atoll source which in our observations is in the upper banana
branch. Combining this with the high (0.5-0.7 L_Edd) luminosity, the long-term
flux stability of the source as seen with the RXTE All-Sky Monitor (ASM), and
with the fact that it is an X-ray dip source, we conclude that 4U 1624-49 is
most likely a GX atoll source such as GX 3+1 and GX 9+9, but seen edge on.

Astrophysics