Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

This RIMM 1 min shows two of the early OS/RSI dips to $137.70 area and one a 25c lower , that last dip into the OS was to see RIMM go all the way into the close more or less before late day sell off from $139.67 OB RSI touch =1min

* earlier in the am after the gap up , there were pb's from the 1rst & 2nd OB touch at $137 & $138.30 for 1 pt each and a bounce again then from $137.30 area to run back up to a 3rd OB touch @ $138.85 and a 3rd 1pt pullback to $137.67 area that played as pivot later after bouncing the 4th time from that pb to $139 ....

then from that am $139 top touch there's the later lunchtime proftaking into these to these two OS touches below and the late day ramp all the way back up to $139.65 and again some late day proftaking that took RIMM back down to the OS /1min
at $138.33

Sorry , no way to capture the entire day's 1 min chart action but you can see just how this works with most every other trader out there keying off the same RSI OB/OS indicators...

Just imagine all working together capturing these pivot trades using RSI together ? Why ?

because --->they work ;)