Replies to post #500222 on Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

It would all be clear if lm19 posted a 3/5min chart for any of these mentioned so far MRVL , AAPL , BBY , YHOO , but some reason doesn't ....show clearly where they bounced & where you would have waited to jump in on dips for the best entires .

here's a concise and good read for the RSI , note the ending paragraph which is completely easy to understand ....which also makes clear what we're all yapping away on all day about with "OB" (overbought) and into the "OS" (oversold) which refers to the RSI being at one of the two extremes .

If we run into a situation where price touches the upper Bollinger Band and RSI is above 70 (possibly approaching 80) we have an indication that the trend may reverse itself and move downward. On the other hand, if price touches the lower Bollinger Band and RSI is below 30 (possibly approaching 20) we have an indication that the trend may reverse itself and move upward.

http://www.investorshub.com/boards/read_msg.asp?Message_id=10656472&txt2find=bb

[madrose1]

BIDU is a frisky player and volitile , yet you might have seen me shorting it before up here ...the reason is clear here on the daily chart , BIDU's a good example of what that link & last paragraph is trying to explain.

See the RSI at the top of this chart going into the OB area above 70 ? It often signals a top and trend reversal and for this time frame an exhaustion area where traders in the stock will consider selling and taking profs .
(and shorts shorting it there too)

BIDU pulled back to $83 today making for a 7~8pt gain had you caught and shorted BIDU @ that $91+ area up in the OB/RSI , which rarely lies . And its so easy for us to communicate about a stock during the day with a simple -->OB or OS remark.

* Very powerful indicator of when a stok has fallen too far , or has gotten too ahead of itself...see that touch into the blue above 70 reading . Not that difficult really , you can make money both ways too !;-)

[madrose1]

Here's the example of a chart showing the opposite of BIDU on HSOA ....

** that some people here have been playing for lots of $$$$ and exclamations of glee last couple of days ;-)
http://www.investorshub.com/boards/read_msg.asp?Message_id=13427800&txt2find=hsoa

Chart there you see shorts finally covering and the stock getting a pop off the OS (oversold RSI) touch to below 30 ...and then comes the bounce right there ...and its easy to see too , nice huh ?;)

( but not a recommendation to buy HSOA
here because its already OB on the 60min RSI )

[ZoZoStockWatch]

See Shasta

Thanks for the nice words. Let me expalin right now I'd say I'm teaching a course in trading on a stock board. Yes some charts may be over-lined but some students like some of the lines some students like all of the lines. If you like less lines put less. What I would suggest is keep them all on as best you can and note the different reaction at the various lines or moving avgs on the charts..

One thing about trading it is not an exact science one must conform the charts, indicators and other information to what they're comfortable with. Which I have stated from the beginning..

Best in all your trades.