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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: At_The_Ask who wrote (62494)	1/1/2003 10:21:38 PM
From: Doppler	Read Replies (2) \| Respond to of 209892

Since I can't get my charts to post right tonight I will try to explain my current thoughts. I rely heavily on RSI divergences. The lower RSI's in 2000 despite higher prices were a dead giveaway to future lows. It happens time after time. It isn't 100% fool proof, but it is a pretty significant indicator in my opinion. Especially when used in conjunction with Elliot. The October low had a higher RSI than the July low despite lower prices. Then the early Dec high was on WAY higher RSI than the August high despite an almost identical price level. Right now I am leaning toward a pb to one of the fib levels followed by an extended advance. Of course I reserve the right to quickly change to my alternate count should price prove me wrong. :-)