Courtesy of Read the Ticker
RSI measures relative strength of price action of a set period versus prior set periods. It helps review the price swings or waves, the power of each price thrust into new ground, or lack of it. Price thrust like many things relies on energy, and energy is not a constant, it has a birth, a life and a death and relative strength helps us see that cycle.
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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.
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Investing Quote…
.."One of the most helpful things that anybody can learn is to give up trying to catch the last eighth – or the first. These two are the most expensive eighths in the world. They have cost stock traders, taken together, enough millions of dollars to build a concrete highway across the continent."..
Jesse Livermore
.."Money can't buy you happiness but it does bring you a more pleasant form of misery"..
Spike Milligan
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
Benjamin Graham
.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..
Kenneth Chang
."Buying stuff people hate, that's the business we are in, right!"…"you may need to have a longer time horizon"…"be patient"..
Mark Yusko
