corsino
259 posts
msg #36220
- Ignore corsino |
6/5/2005 3:53:41 PM
The Rumpled One...
I just did a quick scan, but by the time ema (13) crosses ema (26), the rsi (2) seems to be too high to be considered rsi (2) >1.
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corsino
259 posts
msg #36221
- Ignore corsino |
6/5/2005 3:56:49 PM
Typo...I meant rsi(2) < 1.
Now the price crossing ema (5) might include lower Rsi (2)
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corsino
259 posts
msg #36222
- Ignore corsino |
6/5/2005 4:17:09 PM
Has anyone done any study of results when Rsi(2) < 1 when the trend is positive as opposed to when the trend is negative? It seems that most of the stock picks I see are when the trend is going down. I read a book by Williams about his %R, and he advised using it when the trend was up. The same probably applies to RSI (2).
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dwiggains
448 posts
msg #36250
- Ignore dwiggains |
6/7/2005 5:46:40 PM
I have tried to use RSI(2) < 1 but cannot get the hang of it. I want to be with the trend and have tried using a MA of 30 to 40 days where close had to be higher than the MA to enter. TheRumpledOne do you have any suggestions?
Thanks David
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brokedown
21 posts
msg #36253
- Ignore brokedown |
6/8/2005 7:47:19 AM
Its pretty rare to see rsi(2)<1 when stock is in an uptrend. Better off to use rsi(2)>75. Shows strength.
Tom
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corsino
259 posts
msg #36256
- Ignore corsino |
6/8/2005 7:25:13 PM
This is a filter for rsi(2) below 1 and rising linear regression lines. You might tinker with it.
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dducey
19 posts
msg #36258
- Ignore dducey |
6/8/2005 9:26:37 PM
dwiggains
check out the stockfetcher group on Yahoo. You will find everything you need and then some. IT WORKS!!!
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TheRumpledOne
6,529 posts
msg #36261
- Ignore TheRumpledOne |
6/9/2005 12:57:34 AM
dwiggains:
Here's the basic Original RSI(2)/Linear Regression combo:
Gives you stocks touching bottom that are in a 60 day uptrend.
JUST WAIT FOR GREEN THEN LOAD THE BOAT.
MAY ALL YOUR FILLS BE COMPLETE.
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dwiggains
448 posts
msg #36275
- Ignore dwiggains |
6/11/2005 8:57:46 AM
Thanks everyone for the help !!
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TheRumpledOne
6,529 posts
msg #36319
- Ignore TheRumpledOne |
6/14/2005 8:19:59 AM
"TheRumpledOne 5/18/2005 6:37:03 PM
QQQQ showing a NEGATIVE DIVERGENCE.... THE DROP IS COMING!"
See ANYTHING CAN HAPPEN!
On the daily charts, QQQQ kept going up 6/2/2005. It showed Neg Div on 5/26/2005 and on 6/2/2005 BEFORE coming down.
But if you switch to the www.prophet.net 1 Yr/Weekly charts you will see another story...
The week of 5/23/2005, the QQQQ rsi(2) closed at 97.49. The week of 5/30/2005, the QQQQ dropped and so did the rsi(2)!
Remember to look a MULTIPLE TIME FRAMES (zoom in 60 min, and zoom out 1 yr/w) to gauge price movement.
MAY ALL YOUR FILLS BE COMPLETE.
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