Wednesday, June 16, 2010 3:04:39 PM
I'm no guru at trading, actually, I'm quite the noob, but, I do know some things. I do know that basing your opinion solely on this can give you the wrong signals. Here's some information for ya to hopefully better inform you/us.
Investopedia explains Relative Strength Index - RSI
A trader using RSI should be aware that large surges and drops in the price of an asset will affect the RSI by creating false buy or sell signals. The RSI is best used as a valuable complement to other stock-picking tools.
http://www.investopedia.com/terms/r/rsi.asp
Emo-trader: Someone who trades on emotion. Buys on pumped information with no DD. Sales out of fear and causes other share holders money and/or grief.
No respect for ANY emo-trader. (origin of word: from ME!)
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