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Not true.
That table shows the RSI value when the trade was open. The RSI might have drifted lower while trade was open.
Nope.
Today RSI5=14.29
16-Jul-04 RSI5=12.94
11-Mar-04 RSI5=14.63
07-May-02 RSI5=12.05
06-May-02 RSI5=12.26
.
.
You got the point.
NAMO at -59.87
NAMO is at -53.4. It was at -61 earlier in the day.
Will be staying 200% long at close.
Anomaly apeared again. A/D Issues = .6 NDX = +.33%.
Any clue what it is going to be ? +ve/-ve ?
Same here. In fact I plan to hold longs till RSI improves a bit.
I seriously doubt a red day. But anyway here are your stats.
Of 92 days, 54 times next day was up /38 times next day was down and sum of all days = 53.7687098
Of 38 days 21 times next day was up 17 times next day was down and sum of all days = 15.38705719
Of 17 days 11 times next day was up 6 times next day was down and sum of all days = 19.46600916
Of 6 days 4 times next day was up 2 times next day was down and sum of all days = 5.944736049
Of 2 days 0 times next day was up 0 times next day was down and sum of all days = 6.164480887
NAMO now -57. I seriously believe, shorts are stretching their luck now.
I will have to caluclate that. But I can give you alternate stats which might interest you more.
If the trade is held till RSI goes above 50, then that gained %s become 87%. This includes crash on 1987. The money would become 3.2 times if all trades were played with 200%.
Edit: NDX 5 day RSI = 15. NDX has closed with RSI < 15 on 92 days since 1986. Of these 92 occurances, 54 times NDX was up next day and 38 times down. Overall NDX was up 52% in those 92 day.
<deleting second para, found some bug in calculation).
NAMO at -52. It certainly is very quiet here, may be everybody is busy in watching market action.
Anomaly resolved. A/D is now .91
Anomaly sighted. A/D Issues = 0.6 and NDX +.4%. Either A/D has to go above 1 or NDX has to come down.
Long 200% NDX.
I was almost decided to go long at close, but this is scaring me now. Have to re-think now.
Steve, Do we have COTL yet ?
Yep, I agree, but that is the toughest part. It looks like we are done for the day, that will make decision more difficult atleast for me.
Now that 60 min charts are oversold, and NDX daily RSI is below 30, Is it too early to play long ?
carl995
Try 1 (shown below) if that doesn't work try 2.
1. Run the following command on the Dos Prompt.
ipconfig /flushdn
2. If you are using router then switch it off for about 4 - 5 min and then turn it on again.
I am going cash for tomorrow.
Indices sitting right above support (SPX=1200, NDX=1600, COMP=1250).
Any decision out there ? I am thinking of moving to cash if some down in next 10 minutes. But if that results in breaking resistence like 1200 in SPX and 2150 in COMP then I will have to rethink.
IS the slide done for today ?
A/D Issues was at 2.5 and A/D Vol was 4.5 at one time, now those are at .5 and .71 respectively.
Closing the year at a very disrespectful -5% (approx).
But during this year, I learned alotand now feel a bit more confident.
Happy new year to all.
Staing short.
I feel the exciting part will be the last one hour.
Staying short.
<<< 5 min bands less than 2.0.We are likely to move I suspect down but we will see. >>>
Without any risk on being wrong, I can say it will be up, that's the norm these days (and I am short, duh ...)
Put Call Ratio at .48. Haven't seen that for a while. http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$CPC
Just got delayed, but still there.
Thanks. Well I decided to give shorts a try till month end.
Staying 200% short.
Any decisions out there ? I want to remain 200% short but this consolidation of almost a month is now scaring me.
Nasdaq is closed tomorrow http://www.nasdaq.com/about/schedule.stm
I am staying short.
Steve,
Sorry, I forgot to post the link. Here it is http://www.investorshub.com/boards/read_msg.asp?message_id=4913711
Wishing you good luck on Dow shorts.