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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?

To: jaker who wrote (3409)	11/19/2006 6:08:28 PM
From: jaker	Read Replies (1) \| Respond to of 6865

Thought I would toss in something about RSI... I do look at RSI with pick selection on the daily timeframe... But, I do not use the standard canned RSI 14... It might be ok for investors, but I think the 14 is to slow for swing traders. If you decide to change your parameters.... look left and draw upper and lower r&s lines...each stock or index will develope it's own history. I think with most stocks the RSI 2 can suggest when to take some money off the table (if you are short) ... the tops are usually slower to roll over... hence RSI 5 at the tops... coments? h1.ripway.com