OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Dont be mis led by Momentum Indicaters

Posted by Ororeef @ 19:51 on June 24, 2019  

like RSI ,SOCHastics..etc  …The MATH indicates  “overbought ” but that has to be taken in the CONTEXT of the RANGE of the indicater .If the range is divided  in percentage  like 0 to 100 or 20-80 ,it may stay at the high end of the range for months  and look like its overbought sometimes for 3 months or more…,it simply goes sideways  at the HIGH end of the RAnge … Especially when its been knocked down for a long time  ,it can jump from the low end  to the high end in a week or so and yet it may only be the beginning of a major move….YOU may quickly find yourself sold out very quickly if you dont put it in context and be sold out as it keeps going..

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.