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Re: vaporman post# 10172

Monday, 03/10/2014 9:02:55 PM

Monday, March 10, 2014 9:02:55 PM

Post# of 111925
There's a common misconception about RSI in using an overbought/oversold reading as an indication of a reversal occurring. Stocks in the overbought terroritoy are more likely to increase in the short term than decrease in the lower. Just because a stock is in overbought territory doesn't mean it can't continue a run. The RSI isn't the sole indicator of the direction of a stock. With the amount of momentum and upcoming news being released, We could and most likely will stay above 70 for days to more than a week. Like I said, I'm not selling one share because of the massive potential for many more dollars in my bank account. Newbies...feel free to sell me your shares though.
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