posted
I sold the majority of my posistion in ACUP Friday, based primarily on the RSI. It was heading towards 80. The stock closed down quite a bit down from it's high.
Posts: 10729 | From: oregon | Registered: Feb 2005
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posted
this is a mini essay i wrote on RSI earlier this year in someone elses thread on the topic that if i remember correctly was in the General Investment forum.. if you want to find it do a search with the words RSI and my name (Machiavelli)...
Sorry Risky.. i would of answered your question 2 days ago but i had problems signing into the bulletin board.. but it seems to be working now.. anyways RSI stands for Relative Strength Index and it gives you a indication if a stock has been overbought or oversold... if it's either or then it will most likely become a "correction" .. if overbought it will go down in price because its overpriced in traders minds so they will take a profit and sell..so the RSI will begin a downtrend.. if its oversold then the price has gone too low and it could be a bargain .. therefore traders will start buying and the RSI will begin a uptrend.. so the way to use it to analyze stocks is if the RSI hits 75 or above then its overbought and you should take partial or all profits because it will correct itself very soon if not later and begin a downtrend in price... if the RSI goes down to 25 and below.. look for it to hook up into a uptrend and buy it at a bargain.. when its between 25 and 75 look for uptrends to make a entry into the stock or downtrends to exit and enter it later when it recovers.. Anyways i hope this answers your question.. let me know if you understood... in your chart options select RSI as one of your Indicators.. I also use the OBV (on Balance Volume) which "indicates" if money is flowing in or out of a stock.. same concept though .. uptrend means price will go up because money is flowing into the stock and downtrend means price will go down because money is flowing out of the stock.. try to use the RSI and OBV when the price isnt moving but the RSI/OBV is... in that case they are giving you a early signal which way prices might or most likely move...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by cruz: blue is using more than one indicator is he or not - the MACD and RSI?
In a chart, you can find anything you WANT, reasons for it to go up or down.
another trick is to learn indicators and why. I prefer CCI over RSI but do use RSI
I love PPO and ADX in conjunction with one another
for bottoms and tops i like stochs slow and fast.
I like macd for divergence but find crossovers late etc...
get comfortable with one or 2,make sure one can confirm or deny the other. not 2 that say the same things.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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Keithsan, What happened to Wang Chung tonight? It warmed my heart and put a smile on my cheeks everytime I read it. (-;
Posts: 52 | From: Canyon Lake Tx | Registered: Feb 2005
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Compare the PPO from February's run on GTEL to the current run. It's kinda scary and exciting to think what will happen in the few days to come. I think the RSI will rise above 90 on this current run. Any suggestions or comments?
quote:Originally posted by yoke yanker: Keithsan, What happened to Wang Chung tonight? It warmed my heart and put a smile on my cheeks everytime I read it. (-;
Try and ignore posts and changes made after midnight on a saturday, (any day for that matter)
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
after midnight? "we gonna let it all hang out"?you are a slow starter man..
i was gonna start quoting from Kerosene Hat, but i decided to do an expose on the diamond "blinded" instead...
"the sun drags locomotives to the ocean, no-one knows this like i do you see"
or "all these cats with holey jeans, dirty hair and titty rings, Say what's your scene man, we got these questions. is it true that you have sold your soul? and I say hey man, I don’t know Lend me a quarter won’t you, I’ll call my ac-c-countant."
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
What is the deal with MRKL with a RSI of 24. Homeland security... Will this dog have his day?
Posts: 274 | From: union,nj,usa | Registered: Jan 2004
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posted
MSEP did the same as well. It went up briefly about a week after coming off the SHO, then kept on falling like it was still on the list. It looks like it bagan it's rebound Friday though finally.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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posted
I'm tame my injun on whiskey days are over about the only liquids i take in are coffee and beer though. Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
can someone explain about the histogram for the macd, the bigger the bars the better or worse, when the bar seems to be at its height before the wave downwards is this a good time to buy if RSI is right?
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
Dealing with a overgrown 180x240 lot on a side hill when you should be fishing ain't easy.
Posts: 10729 | From: oregon | Registered: Feb 2005
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quote:Originally posted by keithsan: I'm tame my injun on whiskey days are over about the only liquids i take in are coffee and beer though.
Its only my 21st birthday today! Last night i had 9 rum and cokes..a case of beer and 22 shots at the bar... Now im at work... Looking at MLXO and the only thing thats stopping me from puking is the price
-------------------- Dead Kennedys-"Give me convenience or give me death" Posts: 470 | From: Vancouver B.C | Registered: Jan 2005
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