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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (4330)12/14/1997 8:25:00 PM
From: LastShadow  Read Replies (1) of 120523
 
Comment on REI:

The REI, as a modification of the stochastic for overbought/oversold indication works best in uptrending markets. If you short, it works ok for confirmation in downtrending markets such as the one we are in now. I haven't looked at the REI's in about 2-3 weeks, so I would recommend putting that one in the toolbox and taking it out when its viable again.

lastshadow
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