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FinancialAdvisor

05/09/05 2:35 PM

#7654 RE: FinancialAdvisor #7650

***HUI - Watching & waiting for the RSI trendline to catch up to the real-time RSI some time this week, either it will be because of the price pausing for a timespan or a pullback, potentially sharp in nature... we shall see but this is would I would personally like to witness...

It's even possible for the trend to make yet another new low but yet the RSI not to confirm again, much like the last low, creating significant bullish divergence...

Of note, the volume today is extremely light, especially in the key issue, NEM, the average volume of the past 3 months is 4.66 million, yet today's volume so far with 1 hour and 24 minutes to go is only 1.58 million... should the volume pick up dramatically and to the upside over the past few days (which is possible), then the idea of the RSI pulling back to trendline support would be nullified...