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Strategies & Market Trends : Wolfgangrene's charts
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bull_dozer
To: The Ox who wrote (1057)3/17/2016 11:42:04 AM
From: The Ox1 Recommendation   of 3976
 
I got this one right, as the RSI touched 70 again, it was look out below!!

....time to watch for a new trend change. With the negativity associated with this sector at the moment, it's time to watch and be patient.... but I think we're getting very close....

Message #1057 from The Ox at 5/28/2015 12:57:19 PM

A more likely candidate but one that could easily "nuke" your short would be biotech, another move where the RSI gets over 70 would make it that much more attractive to bet against:
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