Posted by junkmaylbox on 3rd of Mar 2009 at 06:42 am
I've just noticed that UYM has RSI(14) at 29.99, so it's a good
candidate to play a bounce in my opinion. The volume yesterday
looked capulatory. It could go lower but its underlying index
$djusbm is at its November lows.
RSI(14) on $djr and XLF
Posted by junkmaylbox on 2nd of Mar 2009 at 03:37 pm
It's in the range of 34, not even close to 30. There is more room to sell, I reckon.
RSI(14)<30 for UYM
Posted by junkmaylbox on 3rd of Mar 2009 at 06:42 am
I've just noticed that UYM has RSI(14) at 29.99, so it's a good candidate to play a bounce in my opinion. The volume yesterday looked capulatory. It could go lower but its underlying index $djusbm is at its November lows.
http://stockcharts.com/h-sc/ui?s=UYM&p=D&yr=0&mn=7&dy=0&id=p38868615176&a=154000547&listNum=39
Thanks, I will watch UYM.
Posted by dallassteve on 3rd of Mar 2009 at 09:28 am
Thanks, I will watch UYM. Any other candidates? Sam Collins recommended EEV. He sees it going to 83 (200 DMA).