Quote:
Originally Posted by a1964h  MP,
would you, please, explain to a NEWB closer the addition in:
....JUST ADD THE RSI @ A VALUE OF TWO (2) TO YOUR REAL TIME INTRADAY CHART AND WHEN IT REACHES 100% on DAY TWO,
It's from "I'M SICK AND TIRED AND NOT GONNA TAKE IT ANY MORE"
Thank you,
a1964h |
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the RSI or relative strength indicator is a simple technical indicator available with every charting package and your brokers real time charts.
the reference i use is to set the RSI to a value of (2) (its normally (14) i believe) and then watch the RSI move upwards as the stock (hopefully) rises and get ready to sell when it reaches the 90% point, prob best selling at the 95% point on the indicator panel itself !
hope that clears it up
mp