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sungolfer

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sungolfer

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Saturday, 02/23/2008 9:08:23 AM

Saturday, February 23, 2008 9:08:23 AM

Post# of 22167
If we didn't have late day bailout package,i'm sure market was headed down.The NYX index is a excellant index to use to gage the institutional investor.On Friday it was at the apex of its triange and needed to break in either direction.Here's the problem its relative strength RSI needs to get above 50 for rally to continue.It stopped at 49.85 on friday.I suspect if we were to ralley further the institutional ivestors do no want to be left out.The bailout package needs to be confirmed early monday,so we can break above 50 on the rsi.Each time we have gone over 50 we had a ralley north,the question now is how much.
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