Forum Archive Index - May 2002

[Phaedrus <Phaedrus@techemail.com>]

Peter,
      Both buys were RSI based. In both cases the RSI was rising from Oversold 
levels, as marked by the green arrow buy signals on the RSI chart.
The fact that this was at one cent more than I had sold at was irrelevant.
The actual RSI value when I sold was also irrelevant, because this was not an 
RSI based Sell. I sold because my stoploss was hit.
 Since the medium-term trendline and the 274 support level had both been 
broken, they were no longer very relevant. 
 My new support level is 269 (as charted in blue). Maybe this one will hold. If 
not, my stoploss will be hit again. Looking good at the momement, though.

                    Phaedrus.

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