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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?


To: paul s. who wrote (1352)7/15/1998 8:24:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 1589
 
rsi...I don't know but usually the rsi trails by a couple of days.

The sector overall confirmed reversal yesterday and today with Monday being the low point.

I think you mean the mid-May top, after which bearish oil prices dragged the entire sector down hard. Oil is now showing reversal and coupled with earnings, the sector is turning.