Wednesday, April 21, 2010

3 "hands" and 1 "window"!

Can you tell the exact time by a clock

which only has the 'hour' hand?

Obviously not.

That can give you only approximate time!

You also need the 'minutes' hand.

But, to get exact time, you need 'seconds' hand as well!

All three together can give you the accurate time.

But something will still be missing...

One more crucial info is missing.

You need the date window!

Photobucket

These 4 make the clock complete

Similarly you need 3 "hands" and 1 "window" to make a complete rsi "watch"!

RSI 14/1week (date "window")

RSI 14/1day (hour "hand")

RSI 14/30min (minute "hand")

RSI 14/2min (seconds "hand")

To time the market, you need to see all 3 "hands" and 1 "window" of the rsi "watch"!

Never try to read rsi "time" from one "hand" only!

No comments: