change of subject, page-6

Thanks for that Dragon.

When the RSI line goes up over the 70 mark (some say 80), the stock is entering overbought territory.

When the RSI line goes below 30 (some say 20), the stock is entering oversold territory.

The MACD is the difference between two moving averages, in this case 12 and 26.

The signal line is the average between the two.

When the MACD line goes up through the signal line, you'll notice that the bar graph will be above the zero line.

When the MACD goes down through the signal line the bar will be below the zero line.

Have a look at the right hand side of the MACD chart.

The MACD has gone up through the signal line on the 18DEC, and is still above it (just).

The bar graph is above the zero line, so IMO the price is trending up slightly.

The RSI is at about 65 on the chart, so there may be a few more days of SP rise left before (if) it enters overbought, as long as the MACD stays above the Signal line.

The RSI and MACD retrospective of course, like any charting indicator.

Help me out guys if I didn't explain it properly, as I haven't had a charting program and data for about eight years, so I'm a bit rusty with the specifics.



dino