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Post# of 37180
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CaribbeanJim

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CaribbeanJim

Re: sammy1024 post# 35267

Sunday, 03/18/2007 9:44:43 PM

Sunday, March 18, 2007 9:44:43 PM

Post# of 37180
It has been an unprecendented long time (about 4.5 yrs) since the Weekly RSI(10) on the SP500 tags 30. The last time it lasted this long was from summer1982-fall1987. Odds are we tag it sometime this year, maybe sooner than later.

Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.

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