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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (29511)3/26/2003 7:57:47 PM
From: ajtj99  Respond to of 30712
 
Well, from looking back to 2000, when the weekly SPX RSI has gone above 50 and turned down, the highest we've gone afterwards has been a double top prior to a signifcant re-trace or new lower lows.

One thing I've noticed is almost everytime you follow a white candle with a red one near the top in the bear, the most you can hope for is a double top.