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SEBASS

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SEBASS

Re: ezey post# 7686

Monday, 11/28/2005 6:28:43 PM

Monday, November 28, 2005 6:28:43 PM

Post# of 44374
It's overbought not oversold bro.

Overbought/Oversold
Wilder recommended using 70 and 30 and overbought and oversold levels respectively. Generally, if the RSI rises above 30 it is considered bullish for the underlying stock. Conversely, if the RSI falls below 70, it is a bearish signal. Some traders identify the long-term trend and then use extreme readings for entry points. If the long-term trend is bullish, then oversold readings could mark potential entry points.

http://www.stockcharts.com/education/IndicatorAnalysis/indic_RSI.html

And as Jack always says: "You can't handle the truth! Son"

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