InvestorsHub Logo
Followers 93
Posts 3709
Boards Moderated 1
Alias Born 09/10/2005

Re: lakers17 post# 373

Tuesday, 09/27/2005 12:25:56 AM

Tuesday, September 27, 2005 12:25:56 AM

Post# of 311057
well I am too lazy to post another chart on this, but basically what I did was project at what price LFWK would be based on where the RSI level is

a RSI peak or overbought level is around the 75 to 80 level..

LFWK at .09 has RSI at around 65 or so..

the bottom line is that LFWK is so oversold that it leaves mountains of upside ahead of us before we even approach overbought levels.


RSI is starting from such a low level that we have plenty of room for it to move on the upside!

those of you planning on selling at .03 to .05 level will be selling no where near traditional historical overbought levels

once we get to the .10 level there will likely be a pullback to .07 or .06

that will provide a base and launching point to the REAL breakout to .20 !!!