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Re: gabbyco post# 1630

Tuesday, 03/13/2012 2:04:38 PM

Tuesday, March 13, 2012 2:04:38 PM

Post# of 1867
Developed J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings and centerline crossovers. RSI can also be used to identify the general trend.

DEXO RSI AT 37.14

According to looking at the RSI, this is getting close to being over-sold.