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  • jdub2788
    SQQQ headed to $7
    3/27/12
    Reply (10)
    • Ricardo Espinosa: bullish! RSI can stay around 100 for days, weeks, hell, why not years!
      3/27/12
    • OneLongTrade: RSI isn't a great indicator in the current environment. 80+ RSI in Feb with QQQ at 64, now 80+ again with it at 68+.
      3/27/12
    • Josh Krause: RSI is a great indicator, wait till it hits 50 and then buy calls with both fists. Sell when RSI hits 80. Rinse repeat unti no more QE.
      3/27/12
    • OneLongTrade: Tell that to AAPL. You haven't had a chance at RSI 50 for half a year and if you sold at RSI 80 you've been missing out massively.
      3/27/12
    • OneLongTrade: BHI has an RSI of 30 in this environment, should we buy calls on that hand over fist?
      3/27/12
    • Josh Krause: Was using major indices, not monsters like AAPL, PCLN or CMG. Freaks of nature.
      3/27/12
    • realornot: KK: I like monsters. Look at them every night.
      3/27/12
    • Ricardo Espinosa: I know, no one uses RSI by itself, and it´ll remain there for a long time in a leg up (or stay down far prolonged in a leg down).
      3/27/12
    • OneLongTrade: I've checked through multiple indicators, especially in the case of AAPL. All have failed thus far. 85 RSI on the weekly chart.
      3/27/12
    • Ricardo Espinosa: That´s why I don´t usually touch AAPL, it has no respect for anything.
      3/27/12