Monday, November 12, 2007

Rebound sigh

Rebound sighs:
1.
RSI below 35 to 30 - condition= Volumn low (contra people, retail investors,short term traders and short sellers are mostly out, long term buyers waiting to come in)
2.
MA2 crossing MA8, with MA8 line turning upward (if MA8 turning downward, don't jump in)
3.
Index stop dropping and start to consolidate.

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