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Re: capt_jmj post# 28479

Tuesday, 04/04/2006 11:11:03 AM

Tuesday, April 04, 2006 11:11:03 AM

Post# of 79026
well-

i understand the heirarchy, and therefore, it seems that seems that we must be in bear mode to get the sell/short. in bull mode, price supercedes the rsi>70 rule.(price is still above 10MA at close yesterday).

but ppo was flat yesterday, now lower - by my way of thinking it should still be bull.

but if bear, then price not relevant, therefore rsi> 70 produces sell/short signal.

thx

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