His m.o. is to come up with one indicator and make it out to be all one needs to look out.
Why does he do it?
First, he is lazy and doing the normal DD takes time. Much easier to find one number and keep predicting from it.
Second, above all he seeks attention. Picking one number gets some of that.
The problem is that no one indicator works to the exclusion of fundamentals, news, sentiment, other indicators and, yes, intuition. So, RSI, like all his others, has failed from the point where he was predicting that RSIs in the 60s predicted a decline. So does he admit that? Oh, no. He just changes the numbers, hoping that nobody will realize that he did, and now look at really high RSI numbers. Well, people do remember what he wrote previously and all that happens, as usual, is that he looks even more intellectually dishonest than he did before. Soon he'll have a new indicator and the cycle will repeat itself.
Unfortunately for him, this board has quite a few very smart people who are willing (for enjoyment, a desire to help others or whatever the motive) to destroy his silly arguments every day and not allow him to lie about his record or past predictions.
aint it funny??? sally sue simpson, yep---oh well my laura ashley down pillow is startin to call-- glad you r back and virus free, that sucks.......zzzzzzzzzzs as nips would say--later gator
oh good..nuther stock market girl??? i nos they r in demand, right nippy????lololol me tinks at this point even numbnuts nos we r not one and the same.----weather sucks avy, but, but the groundhog said---sunday (thumbs up emoticon) spring??? pups will love it. carry on
As I've told the board in the past, you just can't seem to stand losing arguments. But you lose nevertheless because you simply cannot marshal the facts; the evidence is all in my favor. And bringing up posts of mine from two years ago, etc. under much different market conditions doesn't change the fact that I have been saying flat out now that RSI's in the 74-76 range are absolute STONE WALLS and that is EXACTLY what they have been.
Solid overall market conditions haven't prevented the stock from turning back from that range. Not even the most-reliable rally period in a quarter - the pre-dividend week has stopped the stock from turning back from high levels.
I have easily met the burden of proof for the theory that I discovered. It has passed all of the acid tests.
And no amount of diversions or references to two years ago, etc. is going to change anything.
You have lost the argument pure and simple. Learn to accept it.