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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (8330)	8/16/2001 7:57:26 AM
From: Chip McVickar	Respond to of 19219

J.T..., You may see the June lows instead...! Your chart of Dell shows three serious divergences in the RSI-5 from the price bars. This usually proceeds a significant decline. 66.59.141.65 From the peak in late June and early July the price bars are rising, but are diverging from the RSI-5 peaks (they're falling). If you look at other charts for this activity..., yu'll find the price remains declining until another bar signal comes along. In this case two other divergences follow as the price bars go into Aug, one on the upper and one on the lower peaks of the RSI-5. Usually a very strong signal..., but surprises do happen..! <smile>