Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Ms. Baby Boomer who wrote (65661)	10/31/2014 12:10:35 PM
From: Fintas	Read Replies (2) of 220454

I just took a peek at that SDS. It's SDS was very extended and is about to add another box. ALL I can say is bulls are pushing the beach ball and that recent drop to 1817 and this bounce looks great on paper. But to those who understand that RSI.. That 10% drop NEVER turned the RSI TO X'S.. NEVER. That means that is yet to come and will come. Whether it comes from this area you are buying or a 1/2 lower.. It will come and that RSI offers a 50% move up. So 50% from 21 or 23.. Versus maybe 5% UP.. Yup some bulls like to take on RISK. And then there are good traders like you that understand when to add.. Fintas

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