Talk Digital Network AUDIO INTERVIEW of ROSS CLARK
Snippet from Chartworks May 19, 2016
At the end of April crude oil’s RSI(14) kissed the low end of overbought levels at 72. It was enough to generate a correction in the stocks, but only three dollars in oil. As noted, an optimum RSI reading in the high 70’s to low 80’s is the norm in the third to fourth month following the prolonged declines in the last thirty years (1986, ’94, ’99, ‘01 and ’09).
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