News Focus
News Focus
Followers 71
Posts 12229
Boards Moderated 1
Alias Born 04/01/2000

Re: TREND1 post# 2011

Wednesday, 07/14/2004 1:06:39 PM

Wednesday, July 14, 2004 1:06:39 PM

Post# of 8622
Larry, I simply offered an opinion and a chart. I'm not suggesting that we have to go below an RSI of 30 on the chart below to form a bottom but Les's data is already supportive of a bottom forming and it has not yet.

Worst case scenario in my humble opinion is that the SMH does go to an RSI below 30 on this chart and perhaps 31.50 before we get a decent bottom.



Hope I am wrong! Keep up the great work...

RtS

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today