Take this post with caution, because I admit I have not backtested it in any kind of methodical way. “Use it at your own risk.” Of course, everything I say (per my disclaimer at the bottom of course) is at your own risk but I felt a special duty to say it today.
I mentioned [...]
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The RSI shift
(Gold Versus Paper, 7/7/09)
Using Relative Strength Index (RSI) To Determine Stock’s Momentum
(The Wild Investor, 1/21/10)
Most Overvalued S&P500, The Bigger the RSI, the Bigger the Drop
(Shocked Investor, 6/3/09)
GOLD : Relative Strength Index (RSI)
(The Bullish Bear, 7/10/09)
Jul
28
Charts and Coffee on July 28th, 2009
at 5:37 pm
Central Time
I mentioned yesterday that I am suffering paralysis because I’m not willing to short the market in front of a potential inverse head and shoulder breakout but at the same time almost all long ideas are way overbought.
You have to love a stock like Books-A-Million that was a $1.70 back in March. RSI hit 94 [...]
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Chipotle (CMG) a Tasty Post-Earnings Short
(College Analysts, 8/4/09)
CMG: A Healthy Balance Sheet
(The Iconoclast Investor, 8/20/09)
(CMG) Chipotle Mexican Grill, Inc. – P/E multiple of 28X, a steep premium to the overall market...
(Stock Blog Hub, 8/6/09)
Restaurant Stocks: A Lot of Hot Air
(Bullish Bankers, 6/12/09)
Continue reading about Parade of Crappy Companies: Books-A-Million (BAMM), Chipolte (CMG)
