A Really Good, But Simple Technical Tip

By: Marty Chenard | Tue, Jun 11, 2013
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Strength and weakness ... these are two very important conditions to monitor when trading or investing.

One good way to see this is to set up two Relative Strength time periods.


What time periods are good to use?

A 9 day and a 30 day RSI are good time periods to plot against each other. We zero base our RSI indicators so it is easy to see when they are positive or negative. For those using a standard RSI indicator, a level of 50 is equivalent to our level of 0.

Today's chart showing the NYA Index with its two RSI levels is pretty easy to read. When both indicators are positive and the 9 RSI is ABOVE the 30 RSI, then the market's strength is increasing and pushing the market higher.

Take a look at when that occurred on this eight month chart. Each time the 9 RSI trended higher and above the 30 RSI, the market had good up moves.

If you enjoy our charts and data, give some thought to joining us as a subscriber ... we'd enjoy having you as one of our members.

C-RSI vs NYSE (NYA)

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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