eMax Holdings, Inc. (fka EMXC)

[dmlabuda]

The RSI does not need to be over 70 to indicate that a market is overbought. When it is over 70, it's EXTREMELY Overbought (and it was recently). IF you look back in February on the daily chart you will see RSI readings peaking around 60. The price however, fell from around $0.0014 all the way back to $0.0002. I would say that 60 RSI reading in February was an indication that this market was overbought at that time. Back in February, the Stochastics and Williams %R were not reading overbought either but, that market was still obviously overbought. Wouldn't you agree? Today, the Stochastics and Williams %R are indicating that the market is overbought and the RSI have peaks much higher than 60. So, you have to learn to read each chart in relative terms for that individual stock. EMXC - Daily Candlesticks