Elite Pharmaceuticals Inc (ELTP): Let me assist with some basics: RSI o...

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Re: Couch post# 232731

Wednesday, 11/09/2016 9:35:03 PM

Wednesday, November 09, 2016 9:35:03 PM

Let me assist with some basics:

RSI operates with a basic assumption that the sample size is representative and the stock is liquid. In both cases here it fails so RSI is meaningless along with many other technical indicators.

Picking up additional shares assumes you could pick my or another's shares in a pool. Actually they are anonymous so picking up another persons shares is a fail as one person couldn't in most circumstances figure out mine from another person or a MM.

Who sells tomorrow is irrelevant. If there are no buyers then the price will drop. If MMs and traders sell tomorrow and there are equal to greater offsetting buyers the price will actually increase. That makes who sells irrelevant.

If an investor chooses to buy more shares that is their prerogative.

Hope that helps

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