Might I suggest that you look back to the 2016 chart and have a play with RSI.
With too much concentration on that alone, it would have left me maybe shooting
myself in the foot.
I know many people look at it as an indicator, however there are so many other
indicators to look at to give a fuller picture.
I have named a few in my post that I made on 1.2.2018 (Friday).
They include MCD, CCI, DMI, STf and STs and there are others of course.
My comment re RSI above 70 was - so what.
My interest is more in the weekly and monthly charts and they, I believe, are
watched more by investors who think more in terms of dollars than cents.
Will post more probably Sunday night, and best to not ignore fundamentals.
Could be money moving from one sector to another given longer term view on
many things???
General comments and opinions only by me and will give you something
to think about tomorrow.![]()
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