RE:still hazyWith due respect, you don't know what you are talking about.
This is the definition of RSI per Investpedia.com:
What is the 'Relative Strength Index - RSI'
The relative strength index (RSI) is a momentum indicator developed by noted technical analyst Welles Wilder, that compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security. It is primarily used to attempt to identify overbought or oversoldconditions in the trading of an asset.
Your statement by putting earning into the application is absolutely deliberate and distort to Technical Analysts understanding and how to apply the term, RSI.
WINDGOD46 wrote: At $8.48 the stock was overbought and the RSI indicator showed 80, hence the sharp correction in November. Now, the RSI shows in fact at 60, but the sp is still the same or a bit higher, $8.54, and yet no revenues or earnings have changed anything yet. So i assume the RSI, despite the graph, is still in the 75-80 range. That however may change with the earnings release. The 60 point mark of RSI is anticipatory and not yet real. We need confirmation through earnings.