BCGI and KEA have reversed their downward trends today with massive gains. Relative Strength for BCGI is reaching its limits, and KEA might have another 3-5 days before it begins to correct.
RSI is only one indicator I'm looking at, but all the indicators point to some loser-stocks getting seriously overbought. Actually, BCGI looks like it's forming one of those 'cup & handle' patterns.
If I can do this right, I might gain back all that money I spent learning about options with UNH.
About charts and TA, Cramer had an excellent quote today for all us chart & TA learners out there:
If an analyst doesn't like a chart, he'll just draw a different line and explain it all over again.
Ha! Ha! I knew I kept watching that show for SOME reason!