tech/a
No Ordinary Duck
- Joined
- 14 October 2004
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I'm in no rush as long as it keeps going up.tech/a said:Dont know that I'd be in such a rush to leave if in your position GP.
I think you're saying the same as what I meanttech/a said:Any momentum oscillator,RSI,Stochastic,Williams R should ONLY be used in the direction of the trend. So if bullish your looking for oversold------buy opportunities.
In one of Daryl Guppy's recent newsletters, he mentioned that RSI divergence was a fairly reliable signal (for a change in price direction). Supposedly that was one of the main indicators he used to pick the market peak back in March and switch to short positions.However divergence should be veiwed with caution.
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