Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 478.52

-2.8%

Dec 10 3:59 PM EST

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To: Susan G who wrote (16820)	5/5/2002 10:35:54 PM
From: milesofstyles	Read Replies (1) of 26752

ohhhhh... well, thats an oscillator, which i'm sure you know, and is perhaps not the correct indicator to apply during a trend. not being critical, just wanted to know what you saw differently than i, as you know i'm a fan of your input as well. here's a weekly ndx... chartwerx.com that blue line on the rsi i've drawn in is what i've read as the low end of cardwell's "bullish threshold", after acting as general support for so long, makes sense it would provide resistance in yer 40s area, except maybe to those who still think trendlines come with an expiration date, lol. on the other end of the spectrum, i believe his high end of a bear mkt is 55-65. another interesting thing i just noticed is the trendline on the rsi weekly is being tested here. i'll be curious to see if and how long we would manage to remain below the daily threshold i've drawn on the daily, i think its worth watching considering the history its displayed since 2000. milesov

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