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Tuesday, August 11, 2009

Market Crash Signal?

Seeking Alpha has an article (click) that explains how every time the market reaches a "strength" reading of 75. (rsi), it has always been followed by a market crash. Always.

October 19, 1997, 76, -16%
July 20, 1998, 78, -33%
March 10, 200, 75, -40%
October 11, 2007, 75, -21%
August 10, 2009, 75, -???%

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