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JDoggs_Money

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JDoggs_Money

Re: john6x post# 2371

Wednesday, 10/26/2016 4:29:59 PM

Wednesday, October 26, 2016 4:29:59 PM

Post# of 3412
It's just a mental block thing on these sorts of stocks. If someone sees the RSI overextended (75+) for a few days, the thinking is the stock will take a step back to reset. Essentially what happened here. To many, the chart looks better now and ready for another leg up. Realistically RSI means absolutely zero in a situation like this one. This is not a technically driven stock at this point. Just waiting on fundamentals to drive this one.

"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." - William Feather.

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