Trader's Diary - BullBear Trading: Stock and Financial Market Technical Analysis2024-03-28T16:33:02Zhttps://www.thebullbear.com/forum/topics/traders-diary?groupUrl=andrewcardwellrsi&commentId=3301355%3AComment%3A7492&x=1&feed=yes&xn_auth=noCardwell RSI EDGE
Trader Diar…tag:www.thebullbear.com,2010-07-22:3301355:Comment:74922010-07-22T16:44:13.000ZChris frishehttps://www.thebullbear.com/profile/Chrisfrishe
<b>Cardwell RSI EDGE<br />
Trader Diary Notes<br />
July 22, 2010</b><br />
<br />
<b>Stocks, basically in just a few words -- "In Trouble".</b><br />
<br />
Cardwell Weekly RSI has show a 5 period NR, followed<br />
by a Bull Divergence which rallied into another NR of<br />
4 periods. Back to back NR's are further confirmation<br />
of the current downtrend getting ready to accelerate<br />
to the downside. Targets are for now Dow at 9657<br />
and about 1007 for the S+P.<br />
<br />
Interesting choice of words by two bankers whose<br />
expressions can move markets. I…
<b>Cardwell RSI EDGE<br />
Trader Diary Notes<br />
July 22, 2010</b><br />
<br />
<b>Stocks, basically in just a few words -- "In Trouble".</b><br />
<br />
Cardwell Weekly RSI has show a 5 period NR, followed<br />
by a Bull Divergence which rallied into another NR of<br />
4 periods. Back to back NR's are further confirmation<br />
of the current downtrend getting ready to accelerate<br />
to the downside. Targets are for now Dow at 9657<br />
and about 1007 for the S+P.<br />
<br />
Interesting choice of words by two bankers whose<br />
expressions can move markets. I think those chosen<br />
by Bernanke to me are actually really scary. If the<br />
head of the Fed is not sure what is about to happen,<br />
who does? (Sure glad I have the RSI in my toolbox.)<br />
<br />
Greenspan-- "Irrational Exuberance"<br />
<br />
Bernanke-- "Unusually Uncertain"