After RSI for Dow Jones Industrial Average at 83.41

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The Relative Strength Index (RSI) for the Dow Jones Industrial Average ended Thursday’s session at 83.41, the highest level in over 20 years. Since 1930, the blue chip benchmark has only seen 14 other rallies that have resulted in an RSI over 83, following which the benchmark retraced the gains to the tune of 1.73%, on average, at the end of the following four week period; 11 of the 14 events were negative.

DJIA performance following an RSI reading over 83
Dates                2-Weeks After        4-Weeks After        8-Weeks After
11/26/96        -0.84%                1.11%                5.45%
12/06/95        -2.69%                -2.54%                3.77%
5/03/95        1.13%                2.70%                4.20%
3/14/86        1.62%                2.39%                -0.18%
12/16/85        -0.17%                -1.00%                4.72%
4/19/71        -1.73%                -4.33%                -4.34%
5/14/65        -2.30%                -9.07%                -6.40%
3/18/64        -0.51%                -0.91%                0.67%
6/09/60        -1.37%                -6.06%                -7.19%
3/20/56        0.64%                0.26%                -3.47%
7/06/55        -1.99%                -3.12%                0.16%
5/17/48        0.16%                -1.33%                0.54%
6/20/44        0.46%                -1.51%                -1.47%
10/13/42        -1.00%                -0.79%                0.65%
Average        -0.61%                -1.73%                -0.21%

源济

谢谢分享！

acoust

georgeyn