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Post# of 704041
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Re: Zeev Hed post# 341308

Wednesday, 01/05/2005 10:55:14 AM

Wednesday, January 05, 2005 10:55:14 AM

Post# of 704041
Of course, there's always those "low probability events" (crashes). I went back and calculated the 5-day RSI's for the SPX in October 1987 (no NDX back then). The week before the crash, the RSI dropped to a very low 16.66, recovered the next day to 43, then dropped four straight days to 10, before hitting 3.3 on the day of the crash (10/19).

Hard work often pays off over time,
but laziness always pays off right now.

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