RSI 2 observation
Started by
selecto
, Jan 29 2009 09:12 AM
10 replies to this topic
#1
selecto
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Posted 29 January 2009 - 09:12 AM
Looks like the signal could come with the turn of the 5 sma.
#2
Russ
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Posted 29 January 2009 - 10:09 AM
The ability to put a moving average on an indicator on stockcharts must be for subscribers only? Seems to be working well for you.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
cp1
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Posted 29 January 2009 - 10:17 AM
The ability to put a moving average on an indicator on stockcharts must be for subscribers only?
Yes, I believe this is true. I've been using some of SELECTO's charts and it is GOLDEN !!
CP1
#4
Russ
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Posted 29 January 2009 - 10:32 AM
The ability to put a moving average on an indicator on stockcharts must be for subscribers only?
Yes, I believe this is true. I've been using some of SELECTO's charts and it is GOLDEN !!
CP1
Which combinations have you found work the best? btw... bestfreecharts.com lets you do this kind of thing for free, you can also tune it more by offsetting the average.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#6
CCL
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Posted 29 January 2009 - 11:31 AM
Selecto, your charts are great.
I'd like to believe that I've studied RSI 2, but your 5-period moving averages certainly add more texture to the VST oscillators.
My read is that today is generating a "compression check" on the RSI - these small changes, many times, relate to a corrective wave before resumption.
On this particular chart, it also appears that the wave count for SPY right now is the wave 4, with the 5'er coming up.
That would meet Mark's pounding the table for 900 before significant down.
Thanks for all you do.
#7
cp1
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Posted 29 January 2009 - 12:37 PM
[/quote]
Which combinations have you found work the best? btw... bestfreecharts.com lets you do this kind of thing for free, you can also tune it more by offsetting the average.
[/quote]
Russ,
I like selecto's CCI (4) MA (5) and RSI (2) MA (5). I look at 60 min and daily on both. Also, I believe he posted this a while back, I look at this EOD:
http://stockcharts.com/h-sc/ui?s=$NAA...4&listNum=4
Over 300 is a good sell signal. Unfortunately, it is only available EOD...I wish I had this before close.
Selecto is right when he says you can go nuts with this stuff, I've playing around with stuff but his stuff GOLDEN so far.
CP1
Which combinations have you found work the best? btw... bestfreecharts.com lets you do this kind of thing for free, you can also tune it more by offsetting the average.
[/quote]
Russ,
I like selecto's CCI (4) MA (5) and RSI (2) MA (5). I look at 60 min and daily on both. Also, I believe he posted this a while back, I look at this EOD:
http://stockcharts.com/h-sc/ui?s=$NAA...4&listNum=4
Over 300 is a good sell signal. Unfortunately, it is only available EOD...I wish I had this before close.
Selecto is right when he says you can go nuts with this stuff, I've playing around with stuff but his stuff GOLDEN so far.
CP1
#9
Russ
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Posted 29 January 2009 - 03:22 PM
Russ,
I like selecto's CCI (4) MA (5) and RSI (2) MA (5). I look at 60 min and daily on both. Also, I believe he posted this a while back, I look at this EOD:
http://stockcharts.com/h-sc/ui?s=$NAA...4&listNum=4
Over 300 is a good sell signal. Unfortunately, it is only available EOD...I wish I had this before close.
Selecto is right when he says you can go nuts with this stuff, I've playing around with stuff but his stuff GOLDEN so far.
CP1
CP1, Yes some good stuff, I recall last week Selecto posted a chart which was calling for the low but I was not able to find that chart again on the board. I don't think it was the one with the bollinger bands and the crossing moving average on those bands. http://www.chartsedge.com/wp/ here is another interesting site, also look at his weekly forecast.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
