Boots & Coots International Well Control, Inc (WEL): I mean RSI 14 poking its head into 70....

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Boots & Coots International Well Control, Inc (WEL)

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Re: Durkkdiggler post# 165

Tuesday, 05/05/2009 11:29:37 PM

Tuesday, May 05, 2009 11:29:37 PM

I mean RSI 14 poking its head into 70.

Well then looking back 900 days you have about a 90% chance of your 20% stop loss being hit. Because it has had a rather hard sell off most times with the RSI 14 poking its head into 70.

But when the RSI pokes its head into 30 it always runs.

So why is 70 RSI a power zone? Looks more like a danger zone.

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