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Re: wahz post# 470

Thursday, 03/13/2003 10:02:17 AM

Thursday, March 13, 2003 10:02:17 AM

Post# of 36151
"you have noticed that your rsi pattern is simply
a near repeat of the chart itself, right?"
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Not really. A couple quick examples:

[1] Look at when the RSI-35 was last at the current level, i.e., around 30. At that time the indicator was below 25. Right now it's at about 35. I see this as support for your rally-sooner-rather-than-later theory, i.e., that the BP has become equally as oversold at a HIGHER level than before.

[2] Look at July & October on the RSI-35. POSITIVE DIVERGENCE -- followed by a significant rally.




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