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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: LTK007 who wrote (6231)11/16/2001 3:42:25 PM
From: LTK007  Read Replies (1) of 99280
 
it means we are overbought to the extreme--this market is one big stuffed Turkey--RSI has since hit 81 today---the highest RSIs of year were 1/29---hit 80 then, 10/16--hit 83 and today now 81. That the RSI of 83 and 81 are so close together reveals we are super overbought.And if we just keep going up next week,this will blow apart--i really see no difference now than when market was marching to 5000---too much money just being jammed into the market too fast.Max
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