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In a message dated 2/28/00 2:56:50 AM Eastern Standard Time, CalaxCorp writes:
<< Ben,
I have been reading RT for about 2years and I have great respect of what you
say, and I usually understand what you say.
But I don't understand what you mean by "the relative strength of the sp500
to the Dow is foretelling that this may be a bottom" ...
Could you please explain how this technique works? Any why?
Thank you in advance for your clarification.
Sincerely,
Bill W >>
good mornning
if you just look at the net change for the week in % you can see
that the Dow lost 3.5%
the sp500 lost . 95%
so when you see that the decline in SP is 3 times SMALLER then the Dow
it means that it has a VERY strong rsi
hope this helps
Ben
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