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To: lexi2004 who wrote (173800)	5/4/2008 5:07:11 PM
From: MJ	Read Replies (1) \| Respond to of 208838

Someone on SI referred to the RSI as indicating overbought and over sold. During the day(a day trade) I find that idea useful. If I were looking at the chart you posted. The last yellow mark would pose that question----is the stock overbought. Also see a gap longer term back in June of 2007. Looks like that is about filled----that of course sends one off on another tangent in deciding whether to buy or sell at this point. mj

To: lexi2004 who wrote (173800)	5/4/2008 7:59:35 PM
From: MJ	Read Replies (1) \| Respond to of 208838

Lexi From the free tutorial ------this seems to be the criteria for a flatbase breakout although they don't call it that. "In the example below the market passed through S1 and then retraced to the S1 line again. It then formed a channel. At around this time we had a cross of the averages, MACD signaled buy and there was a breakout of the channel line. This gave a great signal to go long with a target of the original pivot line. " Couln't copy chart on the demo. mj