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Re: Jerry7777 post# 124211

Sunday, 10/07/2012 2:47:34 PM

Sunday, October 07, 2012 2:47:34 PM

Post# of 165875
When RSI is too high (over 70 for extended time) it is like an overinflated balloon. It's hard to pump more air into it. Bull runs on charts need those consolidation periods to "reset" the RSI and other indicators and make "room to run" to the upside. We have gotten very nice resets in the indicators and now we have MORE room to run to the upside. (whereas before .07 .08 may have been the max potential, now we could easily run to .12-.15 before the next consolidation imo) long story, short. It's a healthy looking chart!
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