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S&P 500
5,572.85
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0.10%
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US TECH 100
19,951.20
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0.53%
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Dow Jones
39,344.79
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Post# of 54103
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TradeDoctor10

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TradeDoctor10

Re: Drugdoctor post# 16975

Saturday, 03/29/2014 12:01:43 PM

Saturday, March 29, 2014 12:01:43 PM

Post# of 54103
Completely agree. Stocks run hardest when RSI is above 70. However, because RSI measures overbought/oversold situations, an RSI above 85 or so may cause a pullback because the stock is overbought. This will cool it back down below 80 before allowing the stock to run again. I intend to sell blocks of 150k or 200k shares when RSI runs hot in hopes to rebuy at a lower price. We are not even close to that point yet. Every one of my shares are locked until at least 10c.
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