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Strategies & Market Trends : The Rational Analyst

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To: HeyRainier who wrote (55)	12/17/1997 4:18:00 PM
From: The Perfect Hedge	Read Replies (1) of 1720

[rsi divergance con't]Rainier- Thanks for your response.I tried EQNX.Tell me if I'm catching on:on 10/17 we reached a new high of 17+ and the rsi reached a new high too.On 11/17-11/25 we reached new highs and flirted for that period but the rsi did not reach new highs.A line drawn from 10/17 to 11/25 indicates a downtrend while the stock price was ascending.Thus,divergence.Right?If so,do the new highs need to be all time highs or recent highs?Can a divergence be spotted any time?GD

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