Replies to post #2089 on Lehman Preferred Series "J" Preferred (f

[strikehold]

New to the board but I hope this helps. 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.

[strikehold]

Oops I forgot about thr TRIX. When the TRIX crosses above the zero line it gives a buy signal, and when it closes below the zero line, it gives a sell signal. Also, divergences between price and TRIX can indicate significant turning points in the market

[xZx]

coach, when RSI goes above 50 it's considered the very beginning of an uptrend. momentum traders look for it to go above 70 to be in the "power zone" so, again, that suggests we've got a long way to go on the upside imo.

trix indicates much the same. it's just now confirming an uptrend on the weekly and will likely exceed the previous highs (20+) set in june. when trix is at full extension you could probably draw a trendline on an upward slope connecting the "tops" of each cycle.