Mike - 99 rsi means they are strong, but it is well known and it may already be in the price. RSI is just a tool, and the more you use, the better off you will be. For example, with MTIC, MoneyFlow has been terrible since mid-december. The short term stochastic gave a sell signal on 10/14 (stochastic 12,8,8) and the long term stochastic (55,21,21) said sell on 10/16. It is advisable to watch rising RSI stocks (70 to 100), but watch indicators for turns. Stochastics, MACd, OBV and RSI are some of the better ones, and most of them are available on the net (IQC Charts for example) and will keep you from riding a good stock down too far. One thing good and bad stocks have in common: they both go up and go down. (Unfortunately). Charting programs are very good, especially if you like to scan, but the freebies do the job fine if you want to just see how they're doing.
Regards,
-Al |
