Sunday, May 1, 2016
Historically stock markets will be on top when Sun is at its high ie. Aries and at low when Sun is in Libra. That's why the popular adage "Sell in May and Go Away".
'Sell In May And Go Away' : A well-known trading adage that warns investors to sell their stock holdings in May to avoid a seasonal decline in equity markets. The "sell in May and go away" strategy is that an investor who sells his or her stock holdings in May and gets back into the equity market in November - thereby avoiding the typically volatile May-October period - would be much better off than an investor who stays in equities throughout the year.
RSI :Besides other technical details, for Nandi RSI is the percentage of buyers in the market at a given time. All buyers or sellers (RSI 100 or O) is not at all practical, since there must be some one to sell for any body to buy. Therefore, whenever RSI increases to 85-95 market slows down and early buyers turns sellers and market corrects. Similarly when RSI decreases to 5-15 early sellers turns buyers and market moves up. So, take advantage on both of these occasions by watching RSI.