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S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,164.40
(
0.50%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.28
(
0.37%
)
Bitcoin
66,005.34
(
-1.13%
)
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AlgoTrader

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AlgoTrader

Re: OhManIDied post# 15208

Wednesday, 05/06/2015 10:17:13 AM

Wednesday, May 06, 2015 10:17:13 AM

Post# of 29248
I have seen stocks hang out in the 70+ range of RSI for months before.

This is usually due to a severe imbalance in the market cap of a stock vs. the actual value of the company combined with hype/irrational exuberance.

Right now we are still in the market cap < actual value of the company phase of this rebound. If we keep marching up (which i think we will), the hype factor will start to take over and put us at .01. If we hit irrational exuberance status, .10 is possible haha.

Pred
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