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#1 oextrader

oextrader

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Posted 26 April 2008 - 12:50 AM

It looks like we may be forming some kind of short term top here. Some daily RSI, and CCI is showing divergence. The below measure of RSI may also be indicating topping action. I think the highest the OEX may be able to go from here may be to one of the Gann lines at 656, but I suspect we may get a a good down day soon, with a seventy percent chance, 200 point plus drop in the the theoretical DOW. Will Tuesday be a short term high?
Rick

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