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[QUOTE]Originally posted by Kevin Bailey: [QB] Are you looking for shorter-term, "bounce" plays, or longer-term, 100-200% gain type plays? Because what you look for in a 5-20 day play is MUCH different than what you look for in a 2-6 month play. With RSI and Stochastics, the simplest way to put it is that if the line is high in the chart (for either one) that indicates a stock that is overbought, relative to price, and is due for a selloff at some point. If the line is low in the chart, it indicates that as stock is oversold, relative to price, and is due for a bounce. Neither of these is a law, as sometimes a stock can trade in the oversold range for awhile before it rebounds, and sometimes a stock can trade in the overbought range for awhile before its correction happens. This is why I like to use these two in combination with other technicals, like MACD, as well as the 13, 50, and 200 day moving averages to find my price points. I have to get some sleep tonight, but when I get a chance (hopefully before the bell tomorrow), I'll take a look at these two stocks. Thanks for checking out my thread! [/QB][/QUOTE]
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