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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 28 4:00 PM EST

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To: mishedlo who wrote (73183)	3/24/2001 12:02:59 PM
From: Les H	Read Replies (1) of 99985

Since most stocks were very oversold on the daily charts, the Wilder RSI's are predominantly in the oversold area and most signals produced will be "buy" signals. You would need a scan of hourly or shorter charts to produce sell signals using the same indicator.

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