{"product_id":"stoccomv1let","title":"Stocks \u0026 Commodities V16:7: Letters","description":"The editors of S\u0026amp;C invite readers to submit their opinions and information on subjects\nrelating to technical analysis and this magazine. This column is our means of communication\nwith our readers. Is there something you would like to know more (or less) about? Have you\nrun across trading techniques, services or products that have proved useful? Tell us about\nit. Without a source of new ideas and subjects coming from our readers, this magazine would\nnot exist.\u003cbr\u003e\u003cbr\u003eAddress your correspondence to: Editor, STOCKS \u0026amp; COMMODITIES, 4757 California Ave.\nSW, Seattle, WA 98116-4499, or E-mail to editor@Traders.com. Letters published may be\nedited for length or clarity. The opinions expressed in this column do not necessarily\nrepresent those of the magazine. -Editor\u003cbr\u003e\u003cbr\u003eVOLUME DATA AND RSI\u003cbr\u003e\u003cbr\u003eEditor,\nI have always enjoyed your magazine. I\nhope that you can help clarify a couple\npoints about the implementation of\ntechniques presented in some of your\npast issues.\u003cbr\u003e\u003cbr\u003eFor indicators that are based on market\nvolume, my question is, which source\nfor volume information do I use? For\nexample, do I use the NYSE volume reported\non Yahoo! and PointCast, which\nmay be different from the NYSE volume\ngiven in the San Jose Mercury News,\nwhich is different from the NYSE volume\ngiven in the San Francisco Chronicle,\nand so on? I am talking about differences\nof 100 million or more. What gives here?\u003cbr\u003e\u003cbr\u003eMy other question deals with the relative\nstrength index (RSI). Can it be too\nhigh (indicating to sell rather than to\nbuy) or too low (indicating to buy rather\nthan to sell)? If so, what are some guideline\nvalues?\u003cbr\u003e\u003cbr\u003eEJ RAIMONDI\nvia E-mail\u003cbr\u003e\u003cbr\u003eI cannot vouch for your various data\nsources. It may be that the newspapers\nare working under a deadline and are\nsimply offering the last quote available\nbefore going to press. Since you have\naccess to the Internet, I would suggest\ngoing to Data Broadcasting's Web site,\nhttp:\/\/www.dbc.com, and enter the symbol\n$TVOL in the \"Get quotes\" window.\u003cbr\u003e\u003cbr\u003eRegarding how to apply the relative\nstrength index, please see my November\n1997 article, \"Using Fibonacci ratios\nand momentum,\" which discusses\ncalculating retracement levels using Fibonacci\nlevels and momentum, as well\nas using RSI levels to define a trend. The\nfact is, when price is persistently trending\nup or down, there are no perfect RSI values. The market will stay overbought\nor oversold during a trend. -Editor","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134009307505,"sku":"\\V16\\C07\\LETTERS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_edf7bdf5-f824-4480-9206-59f6e73df23b.jpg?v=1739662052","url":"https:\/\/shop.traders.com\/products\/stoccomv1let","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}