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chainik

05/12/06 2:56 PM

#473700 RE: Zeev Hed #473699

Anyway, rsi(5)=15 is a better buy than rsi(5)=90 :)
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pstuartb

05/12/06 4:20 PM

#473729 RE: Zeev Hed #473699

Looks like some RSI(5) values this low over the last few years have been momentum lows that were followed within a week or two by a price low, while some nailed the price low for an IT move.

http://stockcharts.com/h-sc/ui?s=$NDX&p=D&st=2004-01-01&id=p45545902327&a=67895598&a...