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	<title>IndexIndicators.com » Editorial Content &#187; Relative Strength Index (RSI)</title>
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		<title>An Early Bottoming Sign, But We Need Positive News Flow</title>
		<link>http://www.indexindicators.com/content/an-early-bottoming-sign-but-we-need-positive-news-flow/</link>
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		<pubDate>Wed, 09 Jan 2008 16:43:42 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[US Markets]]></category>
		<category><![CDATA[Market Breadth]]></category>
		<category><![CDATA[Relative Strength Index (RSI)]]></category>

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		<description><![CDATA[Yesterday&#8217;s steep stock market declines produced a very sharp spike in the number of stocks with a RSI below the 30 level, which has usually been a sign that a price floor is near.
The percentages of S&#038;P 500 stocks with their 5, 10 and 14-day RSI below 30 are 69%, 48% and 28%, in that [...]]]></description>
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