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To: Dave H who wrote (375)1/4/1998 12:38:00 PM
From: Instock  Respond to of 1488
 
Dave: Thanks for the cont. TA. I looked at the 10 RSI and it shows that same hook you are seeing in the 3 day RSI.
You also see this same kind of hook on the 10 DMI +D1.
Go to the 5 day DMU and the +D1 is starting to nose dive.
Just for the fun of it, look at the mommenton at 20 and 10 days. High on the 20 day, pegged high on the 20 day. Another sign of exstream over bought condition.
At this point, I would almost expect Scan Man Ray to show up and argue over and under bought conditions.

Once again, thanks for the great work. Forcing me to learn more, and that is always good!

Instock