RSI7 – Distribution zone and Sell alert

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Posted by HanaDaddy | Posted in My thoughts on the market | Posted on 27/07/2009

Tags: Distribution zone, overbought, rsi7, sell alert

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Now the whole market is so called over-bought situation as most of the trader analysts agree. Is it time to sell the stocks?

RSI7 is used to alert buy opportunity,but also used to sell the stock at the right time.

The Distribution Zone is where the RSI-7 has lifted above 70, and the Sell Alert is where those RSI’s fall back below 70.

I don’t know but it seems that the imminent quick drop is most likely to occur. Also many analysts believes that the another drop will come into September before jumping back in 2010.

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