Welcome Guest ( Log In | Register )

2 Pages V   1 2 >  
Reply to this topicStart new topic
> Oversold ETFs
vitaminm
post Jan 20 2011, 12:31 PM
Post #1


Member


Group: Traders-Talk User
Posts: 6697
Joined: 9-December 03
Member No.: 681



may bounce

http://finance.yahoo.com/echarts?s=SLV#cha...ource=undefined



--------------------
vitaminm
Go to the top of the page
 
+Quote Post
diogenes227
post Jan 20 2011, 02:29 PM
Post #2


Member


Group: TT Patron+
Posts: 3487
Joined: 18-July 04
From: USA, northeast of Victoria, BC
Member No.: 2102



Are you using a plain percentage decline for these ETFs to determine that they are oversold or something else?

juggle.gif


--------------------
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.
Go to the top of the page
 
+Quote Post
vitaminm
post Jan 20 2011, 04:09 PM
Post #3


Member


Group: Traders-Talk User
Posts: 6697
Joined: 9-December 03
Member No.: 681



Dio,

Etfs/rsi2<10............ rsi14<30.........may get oversold and bounce when rsi2>rsi3

overbought rsi2>90......rsi14>70

You may scroll my other overbought/oversold posts and see the live results.


--------------------
vitaminm
Go to the top of the page
 
+Quote Post
diogenes227
post Jan 20 2011, 04:26 PM
Post #4


Member


Group: TT Patron+
Posts: 3487
Joined: 18-July 04
From: USA, northeast of Victoria, BC
Member No.: 2102



Thanks. Good to know.

My bellwether, TNA, is down two standard deviations of an average decline. Usually, that is too far too fast...

Probably a bounce. Probably tomorrow.

smile.gif


--------------------
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.
Go to the top of the page
 
+Quote Post
vitaminm
post Jan 20 2011, 04:45 PM
Post #5


Member


Group: Traders-Talk User
Posts: 6697
Joined: 9-December 03
Member No.: 681



TNA..........S@70.....62

http://stockcharts.com/h-sc/ui?s=TNA&p...id=p50809167177


--------------------
vitaminm
Go to the top of the page
 
+Quote Post
diogenes227
post Jan 20 2011, 05:06 PM
Post #6


Member


Group: TT Patron+
Posts: 3487
Joined: 18-July 04
From: USA, northeast of Victoria, BC
Member No.: 2102



QUOTE (diogenes227 @ Jan 20 2011, 01:26 PM) *
Thanks. Good to know.

My bellwether, TNA, is down two standard deviations of an average decline. Usually, that is too far too fast...

Probably a bounce. Probably tomorrow.

smile.gif



QUOTE (vitaminm @ Jan 20 2011, 01:45 PM) *

Forgot to mention that the last time TNA did a two standard deviation drop was November 16. That was the bottom for that pullback. Even now TNA is still up 33 percent from the close of that day.

I can see the 70 support (Jan lows so far?) and 62 support (Nov highs?) on the charts. I'm guessing 70 right now for a bounce and maybe 62 later to work out a complex bottom on the NYMO/NYSI to setup a more sustainable rally into the spring/summer.

Thanks for the chart.





--------------------
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.
Go to the top of the page
 
+Quote Post
Darris
post Jan 20 2011, 11:18 PM
Post #7


Member


Group: Traders-Talk User
Posts: 1105
Joined: 22-August 03
Member No.: 12



RUT, GLD, and SLV all closed below the lower 2 std dev BB today. SPX cashed closed above last Friday, and promptly dropped down to the mean today. Nice system that reversion to the mean is. On GLD, the weekly chart could give a kiss of life on the 5 and 10 period EMAs this week.


--------------------
"You do not have to be the fastest, just 1st." Ann Arbor News comment on Micheal Phelps
Go to the top of the page
 
+Quote Post
diogenes227
post Jan 24 2011, 06:25 PM
Post #8


Member


Group: TT Patron+
Posts: 3487
Joined: 18-July 04
From: USA, northeast of Victoria, BC
Member No.: 2102



QUOTE (diogenes227 @ Jan 20 2011, 02:06 PM) *
QUOTE (diogenes227 @ Jan 20 2011, 01:26 PM) *
Thanks. Good to know.

My bellwether, TNA, is down two standard deviations of an average decline. Usually, that is too far too fast...

Probably a bounce. Probably tomorrow.

smile.gif



QUOTE (vitaminm @ Jan 20 2011, 01:45 PM) *

Forgot to mention that the last time TNA did a two standard deviation drop was November 16. That was the bottom for that pullback. Even now TNA is still up 33 percent from the close of that day.

I can see the 70 support (Jan lows so far?) and 62 support (Nov highs?) on the charts. I'm guessing 70 right now for a bounce and maybe 62 later to work out a complex bottom on the NYMO/NYSI to setup a more sustainable rally into the spring/summer.

Thanks for the chart.


Got the beginning of the bounce today. Came a day late but here it is. Question is -- is it also the end of the bounce?

Betting there's more downside to come (suspect a real bottom is still three-four weeks away) but holding some stocks and a TNA position on this NYMO upswing with now a break even stop at today's open. This correction will probably look more like the Aug-Sept lows than the November dip when it's done but who knows?

Would like at least one more day to the upside (like the market actually cares what I'd like biggrin.gif )




--------------------
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.
Go to the top of the page
 
+Quote Post
vitaminm
post Jan 25 2011, 01:10 PM
Post #9


Member


Group: Traders-Talk User
Posts: 6697
Joined: 9-December 03
Member No.: 681



oversold Etfs

http://finance.yahoo.com/echarts?s=SLV#cha...ource=undefined


--------------------
vitaminm
Go to the top of the page
 
+Quote Post
diogenes227
post Jan 26 2011, 02:07 PM
Post #10


Member


Group: TT Patron+
Posts: 3487
Joined: 18-July 04
From: USA, northeast of Victoria, BC
Member No.: 2102



QUOTE (diogenes227 @ Jan 24 2011, 03:25 PM) *
QUOTE (diogenes227 @ Jan 20 2011, 02:06 PM) *
QUOTE (diogenes227 @ Jan 20 2011, 01:26 PM) *
Thanks. Good to know.

My bellwether, TNA, is down two standard deviations of an average decline. Usually, that is too far too fast...

Probably a bounce. Probably tomorrow.

smile.gif



QUOTE (vitaminm @ Jan 20 2011, 01:45 PM) *

Forgot to mention that the last time TNA did a two standard deviation drop was November 16. That was the bottom for that pullback. Even now TNA is still up 33 percent from the close of that day.

I can see the 70 support (Jan lows so far?) and 62 support (Nov highs?) on the charts. I'm guessing 70 right now for a bounce and maybe 62 later to work out a complex bottom on the NYMO/NYSI to setup a more sustainable rally into the spring/summer.

Thanks for the chart.


Got the beginning of the bounce today. Came a day late but here it is. Question is -- is it also the end of the bounce?

Betting there's more downside to come (suspect a real bottom is still three-four weeks away) but holding some stocks and a TNA position on this NYMO upswing with now a break even stop at today's open. This correction will probably look more like the Aug-Sept lows than the November dip when it's done but who knows?

Would like at least one more day to the upside (like the market actually cares what I'd like biggrin.gif )


vitamiminm,

Taking profits on this bounce ahead of the Fed. TNA up 7 percent.

Nice alerts for the general oversolds. Still holding the metal stocks and some others. Thank you very much.


--------------------
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.
Go to the top of the page
 
+Quote Post

2 Pages V   1 2 >
Reply to this topicStart new topic

 

RSS Lo-Fi Version Time is now: 28th August 2014 - 10:12 PM || Skin by Metalaxe