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Monday, October 18, 2010

SSE RSI Overbought - Can Ignore?

Seems to be repeating April 2009 to End July 2009 RSI above 80%. In a secular bear market, but bullish market trend for short to medium term (next 5 or 6 months). If no major market trend reversal, equity markets will likely continue to power ahead strongly...   Will need to re-align higher TOPs for this year! STI was projected to hit 3500 by equity market analysts. SSE - 3800? SPX - 1500?

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