from the May 13th low
you have 15 bars in the strong upswing versus 9 in the second upswing, the price length of the first swing is 298 versus the second upswing at 167
the first upswing travelled into 83points of the RSI box, that's considerably overbought, so the question is, how does the number of days trending up in the first swing (momo) versus the # of days in the second upswing (less momo due to the days traversed) effect the construction of the RSI, how does it create a false positive (if any) ? Even tho the RSI is not a momo indicator as such (and 14 is an arbitrary setting) you have to ask is it the RSI that is defining the context or is the RSI being interpreted to present a context you are looking to paint onto the price as it has printed todate ?
you have 15 bars in the strong upswing versus 9 in the second upswing, the price length of the first swing is 298 versus the second upswing at 167
the first upswing travelled into 83points of the RSI box, that's considerably overbought, so the question is, how does the number of days trending up in the first swing (momo) versus the # of days in the second upswing (less momo due to the days traversed) effect the construction of the RSI, how does it create a false positive (if any) ? Even tho the RSI is not a momo indicator as such (and 14 is an arbitrary setting) you have to ask is it the RSI that is defining the context or is the RSI being interpreted to present a context you are looking to paint onto the price as it has printed todate ?