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jrod

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jrod

Re: dwiz5 post# 272

Tuesday, 01/03/2006 1:00:18 PM

Tuesday, January 03, 2006 1:00:18 PM

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I agree. As far as the RSI 14, I consider above 70 the "Momentum Zone" and once momentum breaks (rsi), the PPS consolidates to support quickly. This "Momentum Zone" is where my money can be found and I take profits on the first sign of momentum break and add/exit on the ma5.

On consolidation I think the MA5 is VERY important. If it supports the PPS then there may be more to come, but if it drops below the ma5 then it is time to consolidate.

Just IMO.

My board - http://www.investorshub.com/boards/board.asp?board_id=4857

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