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Market Analysis - Technical View Most active discussions of 2006 , 2007 & 2008

Breaking News for Dow!! from my excel. LO (24) 15-Jul-08 19:13

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Posted by: radhika_nandlal on ( 15-Jul-08 19:13 )

The RSI in my excel says dow is oversold.. BUY... GOSH!! The last time RSI said BUY dowjones was 19th Jan when the MACD fast line was below the slow line, the dow rallied 2.4% on 20th JAN.. other times the RSI said buy when the MACD showed buy the dow ignored the RSI.. This is the same circumstance as 19th Jan.. tomorrow would be the time to go long if dow closes in teh red today.. otherwise gap up opening may not allow.. genreally RSI takes a day to play out and intraday RSIs could fade away... let me check hour on hour

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