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Strategies & Market Trends : The New Bull Market. -- Ignore unavailable to you. Want to Upgrade?


To: Rich1 who wrote (450)5/23/2002 5:00:21 PM
From: Chip McVickar  Read Replies (1) | Respond to of 1750
 
Rich,

>>I am sure you read Carpino this morning....!<<
Nope....! How do I know he's posted an update... does he update every day...?
I've only known him to be on vacation. <smile>

There's a lot in that post, he even hit the upper resistance today. Chuck's a day trader and only holds over night when he gets some distance from entry. This helps explain a lot about his work.

>>Looks like the 65 min RSI indicator works pretty good as one of the Cheifs tools...
How do I start keepingtrack of it...???<<

Don't know what you mean by this....?
da_cheif has 12min RSI ÷ by a 6ma.... you can just look at it and to keep track of it?

It's to slow for me and I use it only as a trailing indicator.
Prefer the 5min RSI and look for divergences on any time frame.
Look at es02m 15 min chart and the 3 lower lows on the 22nd, then notice the 3 higher lows on the 5 min RSI..., that's a divergence.
Chip