Forum Archive Index - July 2002

[Phaedrus <Phaedrus@techemail.com>]

 Waste Management closed today at $3.05. This is below the confirmed 
medium-term trendline, triggering a Sell signal. This correlates well with 
concurrent Sell signals from the parabolic SAR and the Relative Momentum Index 
oscillator. 
 The Relative Momentum Index (RMI) was developed by Roger Altman, who added a 
momentum component to the RSI (Relative Strength Index).  The RMI is thus a 
variation of the RSI indicator.  Instead of counting up and down days from 
close to close as the RSI does, the RMI counts up and down days from the close 
relative to the close x-days ago (where x is not necessarily 1 as required by 
the RSI).  
 These signals are only applicable to medium-term trend traders. WAM is still 
in a long-term uptrend, so those using a longer timeframe would probably 
continue to hold.

                              Phaedrus.

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