Using Indicators
On most financial sites/blogs I’ve been reading lately I find some mention of the markets’ indicators pointing one way or another. I use Relative Strength Indicator (RSI) sometimes, but not religiously like some traders do. It can be a good guide if/when the line crosses above 70, overbought, or below 30, oversold. I’m not convinced using RSI as a main tool is the best technical analysis tool, but think it can be used when needing one more reason to make the trade sometimes.
Another indicator I thought was reliable was the big yellow light that tells me when I’m low on gas in my car. Today I proved that light isn’t worth what it used to be. I had jury duty this morning and got dismissed before lunch. I was excited to be able to get back to work to bill for the day and check the markets. I got in […]
Original post by Alex Fotopoulos