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Post# of 9945
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sonetirot

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sonetirot

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Re: Meme post# 5627

Wednesday, 11/07/2007 5:56:43 AM

Wednesday, November 07, 2007 5:56:43 AM

Post# of 9945
IMO : His chart reading had a flaw. You could ride the momentum and continue to hold even when it is in over bought condition (RSI above 70). If he sold when it is in over bought condition, He would have miss out since $540 (now is $740+). You could ride momentum until MACD (momentum is slowing down) MACD (fast - Black line) is starting to turn down and then cross over slow one (Red line).

http://stockcharts.com/h-sc/ui?s=goog&p=D&yr=0&mn=6&dy=0&id=p44274261513
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