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[QUOTE]Originally posted by Dannzon: [QB] DO you like this RSI theory for all stocks, or only the pennies due to their repetetive cycle patterns....seems non penny stocks can also be more greatly affected by news/pr and other fundamentals. These could negate what the RSI might be showing... What do you think ..? For example...take AVAN ... it is at a 52 week low right now of 1.50 ...the RSI says buy as it is down near 30 ... but....what if this big recent decline and subsequent 52 week low were caused by some sort of bad PR / didn't meet earnings, loss of big contrat etc.... would these negate what the RSI is showing, or do you feel that the RSI indicator is telling enough that the low RSI still means "buy" ?? [/QB][/QUOTE]
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