Sunday, November 14, 2010 EST

The stock market had a great run to the upside since the Market Up signal on 9/2.

The MTR Indicator broke below the zero line. RSI has been trending down. Typically RSI break below 50 supports more downward movement.  RSI at a level of 50 can act as a support if the indicator turns back up.


The Heikin-Ashi Stock version chart of the model shown below to compare with the standard candlestick chart above.

 
Loading...