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Post# of 137702
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Re: rcash1990 post# 92801

Thursday, 02/27/2014 12:31:14 PM

Thursday, February 27, 2014 12:31:14 PM

Post# of 137702
Whats funny? An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued. 51 seems a decent number.
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