SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Galapagos Islands
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Techplayer who wrote (29030)2/25/2003 4:44:41 PM
From: Oral Roberts  Read Replies (1) of 57110
 
Well we had hit oversold on the hourly SPX which will cause a bounce every time. Trick now is how far do we bounce? I have 2 things that I am looking at that are dependent on the open. I have lower highs on the 60 min rsi that we started to turn on at the close. If that is valid we can't really even start green but need to sell from the open. Second scenario would take us to the 846/850 area where the rsi would reach oversold as it's rising too quickly to give much room for up IMO.

So which ever signal is valid I really can't see us beyond 851 and we may just sell from the open.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News