ASPI Status Update

[The Invisible]

ASPI's RSI seems bottoming out with the formation of a rounded bottom. A couple of days with positive ASPI movement will signal a resumption of the ASPI up move.

[The Invisible]

Good signs were seen today. RSI improved to 42 and formed a tiny rounded bottom in RSI chart as well as MACD. Can the ASPI perform the same tomorrow as well. If so we can be able to smile again.

[smallvilleTop contributor]

Rounding bottom for MACD & RSI?

OMG!!!!!

[malanp]

Rounding bottom done throu a plastic surgery.. better than narrow bottom.. Bottom gets rounded up automatically with the age..

[CKActive Member]

Yes small. I think it's a mistake. Rounding bottom refers to the price action as I know.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reversal

[The Invisible]

ASPI entered into a deep oversold region today. With today's fall RSI now stands @ 20.

[Ethical TraderTop contributor]

Reversal of indices are imminent as per text books.

ASPI entered into a deep oversold region today. With today's fall RSI now stands @ 20.

[BackstageTop contributor]

I hate text books.

[Ethical TraderTop contributor]

Yes, no text book can teach us 100% fool proof methods, but they generalize natural patterns for easy reference. "What goes up should come down" as per scientific explanations of gravity. It can be applied to stock market as well. Similarly, it was observed over the years, that when RSI reaches the over sold region, indices are likely to bounce back. I treat is as a type of bottom for picking bargains.

I hate text books.