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Strategies & Market Trends : Charts for Breakout -- Ignore unavailable to you. Want to Upgrade?


To: Julius Wong who wrote (3366)11/7/2002 9:42:50 PM
From: Dennis  Read Replies (2) | Respond to of 3506
 
a little something i picked up from Captain Jack.....

bigcharts.marketwatch.com

RSI = Relative Strength Index

he has been using it to trade against.....roughly speaking anything near +60 and the market drops...anything near - 20 and we get a rally. He said these numbers will change with economic conditions so you have to keep adjusting them to fit the tone of the market.