Posted by billrosen on 4th of Jul 2009 at 08:16 am
something to note from Steve's chart on the SPX 15 minute,
notice how extremely oversold the RSI remained all day...that is
why it is so important to wait until multiple indicators trigger
before playing the market in the opposite direction, if you would
have gone long when the RSI was below 30 you would have taken a
beating all day long because it stayed well below 30 through the
close.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPX 15
Posted by dodgerdog on 3rd of Jul 2009 at 05:18 pm
something to note from Steve's
Posted by billrosen on 4th of Jul 2009 at 08:16 am
something to note from Steve's chart on the SPX 15 minute, notice how extremely oversold the RSI remained all day...that is why it is so important to wait until multiple indicators trigger before playing the market in the opposite direction, if you would have gone long when the RSI was below 30 you would have taken a beating all day long because it stayed well below 30 through the close.