Extract - copyright materials
The 5-day RSI for the XAU (Philadelphia Gold/Silver Index) closed in
overbought territory for the second consecutive session Tuesday. If the XAU
settles above 87.85 on Wednesday, it would keep the RSI over 75 for the third
day in a row (it closed today at 88.41.) Historically, a string of three
readings above 75 has been a very good indication of a forthcoming selloff in
gold stocks.
RAINSFORD YANG, Market Tells Web Site. A great (paid) resource I use and recommend as the best statistical compilation of the markets I am aware of. Islander
RSI Signal
Started by
Islander
, May 26 2004 10:19 AM
No replies to this topic