AI
Thursday, February 16, 2006 11:42:49 AM
RSI-5 post-play review
1, RSI-5 dipped below 30 on feb 3 and signaled a buy,
2, we knew from historical accounts NDX-QQQQ had entered bottom,
3, again from historical figures we found our upside target is rsi-5=50 or mid-bollinger
4, (like a finely tuned instrument) hit target =50 at the close feb 15,
5. the play lasted 9 trading days
Post-play analysis;
This message is to validate and confirm the consistency of the RSI-VTO play.You can see by this Months action, RSI-5-VTO is a text book play. The only thing I would add to this play, is do not enter until day 2.
1, RSI-5 dipped below 30 on feb 3 and signaled a buy,
2, we knew from historical accounts NDX-QQQQ had entered bottom,
3, again from historical figures we found our upside target is rsi-5=50 or mid-bollinger
4, (like a finely tuned instrument) hit target =50 at the close feb 15,
5. the play lasted 9 trading days
Post-play analysis;
This message is to validate and confirm the consistency of the RSI-VTO play.You can see by this Months action, RSI-5-VTO is a text book play. The only thing I would add to this play, is do not enter until day 2.
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