3.28.2006

2 day RSI UNDER 10



Ok, there we go , 2 day RSI of the SPY is now under 10. Pay no attention to the number in the picture as that is a delayed quote. The SPY is as I type 129.24, which is a 2 day RSI reading of under 8. The QQQQ and the IWM are not there (yet) and the Volatility indexes have moved a bit but no where near the 110% of 10 SMA that I like to see. So this is probably a time to begin to scale in to some long SPY.

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