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To: Chaz who wrote (152928)10/15/2007 9:06:45 AM
From: Teaparty  Read Replies (1) | Respond to of 209892
 
stockcharts.com



To: Chaz who wrote (152928)10/15/2007 9:26:00 AM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
Good morning, Charles...

The only technical indicator my voodoo looks at is RSI, and i use that only to look for confirmations of, or divergences from, price action....and I take no account of the level of RSI....

I consider RSI only of secondary importance...In general, my experience that positive divergences can be significant...particularly when price makes a low, but RSI does not... Negative divergences can persist for some time...i.e. price at a high but RSI is not.....but I take that as an indication that an uptrend is weakening..

Re MACD, I prefer to look at the MAs directly...and I look only at the 50d and 200d simple MAs..