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Strategies & Market Trends : Help me become a millionaire -- Ignore unavailable to you. Want to Upgrade?

To: quasi-geezer who wrote (11)	11/18/2001 12:16:21 PM
From: victor pan	Read Replies (1) \| Respond to of 583

RSI is indeed a very interesting indicator. You are right that it's probably going to turn soon, according to all the historical charts of RSI. It is also interesting, however, that the RSI number varies a lot depending on the period chosen. For a 7-day period, the RSI number I got with the SI charts is only around 30. This is because of a large 1-day gain about 8 days ago. My understanding of RSI is that for a given period of time, every $4 of advance will give back $1 or so. (If RSI=75 or more is overbot.) It seems to depend a lot on the market sentiment, still. I don't know how long I can hold on to ITWO. I am hoping that the pull back won't be too dramatic.