Bear Market Is Back, page-110

Mr Long: "extreme RSI which presages a collapse in share price".

Nope, sorry, learn to put the RSI in context. When a stock is in wave iii of 3 of a long term trend, RSI will get extreme and stay extreme as the stock keeps moving higher. Here the CHN example showing "extreme RSI" and the ensuing "collapses"... Which did not happen until wave 3 was done.





Same thing on PLS:




You really could use some chart reading skills.... Given that you try to trade and follow wherever the wind blows....