Steve and I like to use the 5/3 Stochastics as a confirmation to
the 2 length RSI. It's been working well lately. The 2
length RSI has been used for a long time by technicians, however it
seems to work well if you can get the 5/3 stochastic to confirm it.
For example mid Aug on the first oversold rally both the 2
RSI and 5/3 stochastic were overbought (good short). ON the
pullback you had the same thing, then the next rally, on the last
dip in early Sept the Stochastic didn't get oversold, but they both
got overbought on the rally to 1230 (not short), and they were both
oversold last Friday.
Yes mfogli but when it
The problem for the bears to get big downside is ...
Posted by steve on 26th of Sep 2011 at 03:42 pm
Yes mfogli but when it becomes extreme I take notice
Steve and I like to
Posted by matt on 26th of Sep 2011 at 03:54 pm
Steve and I like to use the 5/3 Stochastics as a confirmation to the 2 length RSI. It's been working well lately. The 2 length RSI has been used for a long time by technicians, however it seems to work well if you can get the 5/3 stochastic to confirm it. For example mid Aug on the first oversold rally both the 2 RSI and 5/3 stochastic were overbought (good short). ON the pullback you had the same thing, then the next rally, on the last dip in early Sept the Stochastic didn't get oversold, but they both got overbought on the rally to 1230 (not short), and they were both oversold last Friday.
PQ ready again
Posted by Robert50 on 26th of Sep 2011 at 04:19 pm
Using the RSI2 and 5/3 STO it is ready again! Always predictable, this one.