This my earlier RSI post:
Its high but it was really flat for Friday and we were still nice and Green. And we have seen 3 solid news during the time the RSI has balooned when typically we see nothing, so their are outside catalysts skewing it a bit IMO.
I guess its setup either way. We could blast higher launching the RSI into truly overbought parabolic MOMO epic territory,or we could trade sideways/down slightly and reboot it in a couple days.
With this company at this moment all the RSI is telling me is "hey, weve had alot of green days in a row here, And ive been partying hard, getting some stimulants from Ed, so, uh, dont get mad, but dont be suprised if I take a breather and show a little red." to which the market will reply, reluctantly imo "oh i guess so...fine". OR: "Eat some crow, smoke a J, slam a red bull, and release the Kraaken!"
So yes, i agree with you ;)
