MktRSI for March 1, 2010

Our trusty MktRSI indicator and it's companion MktDiff indicator both have their own views of the market internals.MktRSI is good at anticipating the extreme highs and lows in the market, anticipating sharp turns, while the MktDiff indicator demonstrates which signals are stronger than the noise.

 There are also divergences one can see in the MktRSI and I've pointed out some examples in the chart below. I'll be watching to see if the next couple of days has a setup of a divergence like the examples.

Klatuu