Zeev's Turnips Patch-No Politics (ZEEV)

[ZoZoStockWatch]

Mars I appreciate your input but you must look at other things besides RSI. ( Actually you don't have to look at other things because it seems you have discovered something that you like and works for you ) Yes you've proven that it is a nice indicator but one who lives on one indicator alone will get burnt. Charts need to be looked at and price. A moving average is important on a chart. If they weren't stocks wouldn't bounce off them. Now I have been discussing charts ranges key pivots chart setups GAP fills mid points in gaps, Control points and many other items. I have stated many times I trade with a 5min chart and a 60min chart right next to each other all the time. I post 5 min charts and 60 min charts in addition to Daily and Weekly and monthly charts. Mutliple time frames are important. Try to think of some of my posts for the first time trader starting out. Who should try to learn as much as he/she can.

I can list a hundred times when stocks go into powertrends up and the RSI is pinned up in the 80's and the stock keeps going up. So RSI can be wrong. I see folks on this board trying to short them all day and having to add and add like SNDK the other day when it was moving up to 60.95 it was in a powertrend up (Bot) riding the 5ema.. So RSI is not perfect and one indicator should not be the only method one uses..

I am trying to show others all aspects of charting not just one thing RSI or CCI....

Best of luck to you may your profits be large...