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wolfrun

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wolfrun

Re: Watney99 post# 7587

Wednesday, 03/16/2005 10:53:28 AM

Wednesday, March 16, 2005 10:53:28 AM

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Relative Strength Index (RSI) A popular oscillator developed by Welles Wilder, Jr. and described in his self-published 1978 book "New Concepts in Technical Trading Systems". RSI is plotted on a vertical scale from 0 to 100. Values above 70 are considered overbought and values below 30, oversold. When prices are over 70 or below 30 and diverge from price action, a warning is given of a possible trend reversal. See ChartSchool article on Relative Strength Index.

Relative Strength Index link:

http://stockcharts.com/education/IndicatorAnalysis/indic_RSI.html




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