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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: TechTrader42 who wrote (1582)	6/17/1997 7:57:00 AM
From: Bruce A. Bowman	of 3325

re: T... notice the high for RSI(14) at the end of 12/96 and another near the end of 2/97? Draw a trend line connecting these 2 highs that extends out thru May. You should see RSI rise up to, but not break, the trend line around the end of 4/97, settle back, then break out in mid-May. That would have been your entry on 5/19 using RSI(14) b/o on 5/16. This assumes that the other things that you watch are in place. That would include, I hope, a volume-based indicator of some sort. If you were using money flow, that was at new highs at the time. Also, OBV was headed up and VA% was positive. Bruce

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