21 April 2008

RSI(2) and RSI(14) Chart for 3/31-4/18

Looking back over the past three weeks of trading, the Dow was significantly overbought on 4/1, and gradually moved to oversold territory by 4/14 before quickly returning to the overbought realm on 4/18. Today's market was mixed, with the Dow retreating slightly and the NASDAQ continuing further into the overbought range.

The Pig mistakenly failed to lighten his short position in mid-April--I hope to rectify that when the chart cells turn green.

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