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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (37389)11/20/2000 12:04:01 AM
From: Doug R  Read Replies (4) of 79429
 
Historical note on the S&P's 13 dRSI:

On 10/12/00 the S&P put in the deepest oversold spike on 13 RSI since 4/4/94.
I really can't see it getting as low as even 1300 from here since it hasn't done so already after the 10/12 "event".
There's still a boatload of ugly charts everywhere but that'll change soon...imo.

Still in "buy everything" mode,
Doug R
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