we can put to bed the myth that when the RSI is overbot its bearish...its been 5 straight weeks!
RSI
overbot RSI???
Started by
tommyt
, Apr 14 2010 08:05 PM
2 replies to this topic
#2
mogreen
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Posted 14 April 2010 - 08:28 PM
Tommy, on these moves look at the weekly RSI and Ultimate...they're in that zone now.
#3
diogenes227
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Posted 15 April 2010 - 01:49 AM
tommyt,we can put to bed the myth that when the RSI is overbot its bearish...its been 5 straight weeks!
RSI
Did you ever get my reply about the renko charts?
QQQQ looks so strong, for a second there, I thought it was a renko chart. Good to point out, that sometimes the a stock trends so strongly it takes the RSI and
and everything else in the world with it. Remember the buy on the CCI was originally at plus 100. The idea was if it could get there it had to be strong. That actually still works on a average up for finish of the trade.
But for now, good to show no roaring freight trains are stopped by overbought oscillators and deceptive divergences.
Good trading to you.
diogenes227
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
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