cchapman
1 posts
msg #31492
- Ignore cchapman |
3/22/2004 4:12:05 PM
I just joined the group and I'm interested in the thread on RSI(2)<1 indicator. I can't find any post that shows what "after showing green" means. I'm guessing it may mean a green candle. Correct? Please let me know
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Koronbock
201 posts
msg #31493
- Ignore Koronbock |
3/22/2004 5:40:11 PM
"After showing green" means "the stock is opening in positive territory, compared to last night's close".
You wait until the stock moves up after the Open (green= higher than the Close). This way you will not catch a falling knive.
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TheRumpledOne
6,529 posts
msg #31602
- Ignore TheRumpledOne |
4/3/2004 12:21:43 PM
Anyone cash in when the QQQ bottomed on RSI(2)?
I picked up some April 38 calls for .05 and sold for .15!
Of course, thanks go to HolyGrail for his teachings and alerts.
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dducey
19 posts
msg #31604
- Ignore dducey |
4/3/2004 3:02:30 PM
RumpledOne - Have you bought QQQ puts now that the RSI(2) has hit the top?
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TheRumpledOne
6,529 posts
msg #31681
- Ignore TheRumpledOne |
4/10/2004 8:16:59 PM
No, no PUTS for me... I usually don't trade the DOWNSIDE.
But there is (a lot of) money to be made on the DOWNSIDE.
MAY ALL YOUR FILLS BE COMPLETE.
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abkhn00
4 posts
msg #31821
- Ignore abkhn00 |
4/21/2004 3:22:42 PM
What's with EVOL and IDUL? The RSI(2) seems to have bottomed out on these but they've still been going down last 2-3 days!!!
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dducey
19 posts
msg #31828
- Ignore dducey |
4/21/2004 8:05:57 PM
Re EVOL and IDUL - There is no guarantee of an immediate bounce. It could take a few days but a bounce will surely come (like King Harvest).
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TheRumpledOne
6,529 posts
msg #31852
- Ignore TheRumpledOne |
4/23/2004 4:37:26 PM
I am not sure what you are saying about who is right?
I just posted what RSI(2) showed me.
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roca1018
163 posts
msg #31947
- Ignore roca1018 |
5/1/2004 7:06:20 AM
RSI(2) on QQQ must be close to or under 2 at this point? What other indicators do you use to confirm a bottom?
Regards,
Rich
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TheRumpledOne
6,529 posts
msg #32005
- Ignore TheRumpledOne |
5/7/2004 11:34:27 PM
Don't really need other indicators.
I do look at the linear regression lines. I have posted about this before.
If RSI(2) is low AND the price is at/near the lower linear regression line it is usually time to load the boat.
Also look for a positive divergence.
Right now the QQQ lower LR is around $33.50.
Remember, this is a guessing game, ANYTHING CAN HAPPEN. Just don't be greedy.
Take what you can, give nothing back.
MAY ALL YOUR FILLS BE COMPLETE.
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