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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (94147)2/4/2014 10:02:50 PM
From: Vitas  Read Replies (1) of 94695
 
Here's the Dow RSI 44 linear and semi-log below as of Friday's close before the break. To me the linear chart shows more symmetry in that the higher trend line (through June '12 low) holds the June '13 low and the Dec '13 low perfectly. Be kind of interesting if on a retest rally of the highs so far the higher trend line is where it stops.

What is the immediate significance of RSI 44 breaking a two year upward trend line? Do you remember when this has happened in the past?



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