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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: ok1day who wrote (57882)9/9/1999 11:00:00 AM
From: stan s.  Read Replies (2) | Respond to of 90042
 
ASPT is blasting out of that sym. triangle...ain't it purty?? Okay, okay...the RSI is a little more sluggish that other momo indicators so it's nice to use for divergences.

Indicators (momentum ones) try to lead (predict) a stock up or down.

So if a 7 day RSI...is at it's highest point in 7 days...and the stock price is not...it's a bullish divergence...

The 7 day is a slightly shorter time frame predictor than the 14 day etc...

I'll check that java site later to see if you can define your own parameters..if not I'll direct you to a site that can.

I don't want to go right now cause I'm trading with a dozen windows open and sometimes that java site crashes me...

Stan



To: ok1day who wrote (57882)9/9/1999 11:25:00 PM
From: stan s.  Read Replies (2) | Respond to of 90042
 
Ossnat. The RSI and bullish divergence...you can go here and change the parameters (settings) of the RSI to establish bullish divergences.
equis.com

The most common one generally looked for is the 14 but you can set for 7, 10, 20 day..whatever.

Simply type the number in the box, then use the line drawing capabilities to determine if you have a bullish divergence as I outlined earlier.

Stan