RE:RE:RE:Cobalt, RSI WTI vs StocksJP Morgan now say 90% of all trading is algos and yes they add in all the TA , news , etc so is TA self fulfilling now i would say so
BayStreetWolfTO wrote: Cobalt, my assumption is the algos would watch this RSI know it was toppy and start shorting?
Just curious your thoughts on that. I assume we see the short position of BTE climb on the next report Feb 15th before Q4/YE resutls?
Just curious.
Cobalt wrote: WTI daily showing 65.5 RSI topped out this run at 77.5 ish last pull back Jan 24 got bought at a 63 RSI. The 3 hour chart got down to <40 looks like he got his number from a 3 hour chart , day trading