RE:RE:RE:RE:Give me a friggen break about RSI oversold //overbought I agree, allenbow.
Momentum indicators are simply tools that can help determine risk.
It is usually unwise to make new purchases when momentum is at the upper range.
It is usually lower risk to buy when momentum indicators are at the bottom of the range.
In strong trending stocks, I will make new buys if RSI retreats to ~50 and prefer ~30 for most stocks and commodities.
goldguy