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Re: floydski post# 33687

Tuesday, 05/01/2012 9:56:58 PM

Tuesday, May 01, 2012 9:56:58 PM

Post# of 160013
Honestly, I've not been trading long enough to ever have seen a stock's RSI hit 100, especially on the weekly chart. But I don't think it will make the PPS go ballistic. It just indicates that the average gain of the share price across time significantly outweighs the loss (at 100 RSI, theoretically there were no losses in average share price, depending on how many periods). Remember, the PPS will go ballistic due to the emotions of the shareholders, not the RSI. The RSI follows :).

And yes, we could ride a high RSI for weeks, but that will depend on the interest in the stock and demand - And I don't see a problem with that in the upcoming weeks ;).



GO $ICPA!