Use the 5-3 Summation index on Matt's long term indicators page,
we are close to crossing but no cigar, If you don't have time to
watch your trades every hour, then I would wait for the next cross
of the stochastics, or the RSI 5 dropping below the 70 line. Do
some homework and you will find that if you buy long, ex. FAS when
the Summation stochastics and RSI turn up above 20, then go short
FAZ when they turn down, you will make a ton of money, and won't
stress out any more.
Hope this helps! It works for me!
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Jim, Make it a no Brainer! Use
I'm just confused as heck. Are we going down over ...
Posted by skorheim on 8th of Aug 2010 at 03:16 pm
Jim,
Make it a no Brainer!
Use the 5-3 Summation index on Matt's long term indicators page, we are close to crossing but no cigar, If you don't have time to watch your trades every hour, then I would wait for the next cross of the stochastics, or the RSI 5 dropping below the 70 line. Do some homework and you will find that if you buy long, ex. FAS when the Summation stochastics and RSI turn up above 20, then go short FAZ when they turn down, you will make a ton of money, and won't stress out any more.
Hope this helps! It works for me!