Just for grins (and for my notes) I checked the values for RSI and the Ultimate Oscillator on the 15 minute charts for the $SPX and $NDX on 5/25/2010. The values for RSI were 15.86 and 13.95 for the $SPX and $NDX, respectively. For the Ultimate Oscillator, the equivalent readings were 24.15 and 24.95....
If you go to the 5 minute charts, you get for RSI, 10.862 and 8.904, and for Ultimate Oscillator 14.336 and 17.574, again for $SPX and $NDX in each case...
These are what major lows look like...although in this Bear Market, it will turn out only to have been a pause....
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