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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: ajtj99 who wrote (6760)11/19/2001 7:20:24 PM
From: Zeev Hed  Read Replies (1) of 99280
 
ajtj, at the end of a major bull move, it is not uncommon to stay overbought with high RSI for a lengthy period (just as the RSI was extremely low for a lengthy one month period at the bottom in September, a the end of a major bear move), on the first leg up, it is not common, and thus I do expect fast retrenchment as well. If the RSI stays above 50 on such a retrenchment, that should be a good point to jump back in, IMTO.

zeev
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