Seven Arts Entertainment Inc (SAPX)

[sbc357]

One other thing to keep in mind when chartists are talking indicators. I notice all the time that they post the RSI is this, the MACD is this, blah blah blah, which really means absxolutely NOTHING unless they really tell you what they are looking at. Anyone who is interested in really giving information about what they are seeing should ALWAYS include the time frame of the chart (weekly, daily, hourly, 15 min etc.) they are looking at that indicator on, and the PERIOD of that indicator for it to have any inkling of meaning to the readers of the post.
So "RSI" should be stated as the "RSI(14) on the DAILY chart" is at xxx value which tells me xxx.
You notice that all our discussions in the last ten posts rarely indicated what period of RSI and on what time-frame of chart they were looking at. Thus, I responded in a very general manner when discussing the RSI.
To be honest, I was actually talking about the RSI(14) on a Daily chart being at <30 causing concern for BK, which the RSI(14) for SAPX's Daily chart is sitting at around 50 right now.
So beware of chartist's talk that don't really impart what they are actually seeing or talking about.
Bigdogs did indicate that he was looking at the weekly RSI - which I appreciated.
The values you are looking at, and about which you are talking change drastically depending on the indicator's period and time frame of chart.