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Categories:Trend Analysis
ETFs
Jan 20, 2019
RASI
A corrective move will take prices down, and can take the RASI down close to zero or even below.
What we have found is that the +500 level is an important dividing line for the RASI, in terms of giving a go/no-go signal about the new uptrend. When a rebound in the RASI occurs and it falls short of getting up to the +500 level, historically that has meant trouble lies ahead.
https://www.mcoscillator.com/learning_center/weekly_chart/countertrend_rally_or_new_uptrend_rasi_holds_the_key/
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