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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: Smooth Drive who wrote (967)7/6/1999 9:10:00 AM
From: Les H  Read Replies (2) of 2103
 
Eric, isn't there trendline resistance around 120? FWIW, the RSI AIQ (AIQ's special version of Wilder RSI using 7-day EMA) has been going down for 3 weeks while the NDX-X has been rising. The only index among Dow, S&Ps, and Nasdaq to be doing this. It's down to 37 which is only 7 above the oversold reading, with 70 being the overbought level. The last two times it did this was in mid-October and early January. Both times the index continued making new highs.
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