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To: JLS who wrote (5541)2/10/2001 9:34:15 AM
From: Teresa Lo  Read Replies (1) | Respond to of 8925
 
$VXN - I think there aren't really enough data points to do much here, other than to look for reversals on the daily bar. The 5-period RSI is a technique found in Larry Connors' book, Connors on Advanced Trading Strategies, and is used on the daily chart.

And don't forget, in a trend, oversold on RSI just becomes more oversold, with lower prices to come. I am just about to post the swing charts for the stocks on the most popular list, and it's amazing how the average actually masks all this damage to the average retail client. They are getting killed out there.

Teresa