Just sharing a quick thought: the $CFX 4-hour RSI has reached 77.2 (overbought).
I used to be unable to resist trying to call the top whenever I saw an overbought reading. It took a few painful lessons for me to realize that in a strong market, overbought can stay overbought. Now I treat the RSI as a reminder, not a trigger.
Share your thoughts in the comments.
#CFX
I may not be right, so please manage your own risk.
I used to be unable to resist trying to call the top whenever I saw an overbought reading. It took a few painful lessons for me to realize that in a strong market, overbought can stay overbought. Now I treat the RSI as a reminder, not a trigger.
Share your thoughts in the comments.
#CFX
I may not be right, so please manage your own risk.