Charting 2.0, page-448

Thanks for your chart @slick - one of the first things I look for when using indicators is that old and loved favourite - the RSI. It has been a mainstay for many years and continues to be so. The RSI is fairly useless when a share just drifts in a trading mode but really comes to the fore when a sp trends, as WKT is now. I can never understand any chartist with even a little knowledge attaching any importance to a crossing of the RSI at 50.

You have not done that - you actually reminded me to look at this "close to oversold" RSI where it really counts. It's only a very small bullish divergence but it's there nonetheless - could be wiped out or reinforced in days to come, as you say, an interesting week.

I always like the 200 period ema as well - it does give some support and resistance levels, sometime with uncanny accuracy.