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Re: RedneckInvestor post# 642

Tuesday, 05/24/2005 1:14:53 AM

Tuesday, May 24, 2005 1:14:53 AM

Post# of 33129
stockrocker88 that depends.

obviously you have something in mind... you should say it.

rather than i told you so later on.... unless you say something it is meaningless.

caution would be advised when it does however, have seen trends keep hovering above 70's for a while before even considering moving back down.

RSI = Relative Strength Indicator. Plain and simple... it indicates what the relative strength is for that particular period.

Now... what you should also use is the Stochastics as it will tell you when it is overbought or oversold.

And Bollinger Bands could also help.

Dragon