Posted by: tyrannyoflogic June 23, 2011
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@sidster
there's an easier way to find those stocks at those prices
watch for the Relative Strength Index or RSI , if the price is below 30 line its oversold, and if its above 70 its overbought
I run RSI scans and usually they are the best performers coming out of the oversold levels
GOOG i would stay away from ...we dont know how many bottoms its gonna hit this time around before it really hits the bottom ..it has had a couple of false bottom already .....
there's an easier way to find those stocks at those prices
watch for the Relative Strength Index or RSI , if the price is below 30 line its oversold, and if its above 70 its overbought
I run RSI scans and usually they are the best performers coming out of the oversold levels
GOOG i would stay away from ...we dont know how many bottoms its gonna hit this time around before it really hits the bottom ..it has had a couple of false bottom already .....