Note, I added the 11 length RSI to the monthly SPX chart.
After looking at the SPX going all the way back to 1960 when
it began trading, the RSI only get's oversold during extremely
oversold times on a monthly chart. Therefore when this
happens, instead of waiting for the 14 length stochastics to cross
back above 50% to give a buy signal (or various other indicators
like the ROC etc) go long when the 11 length RSI closes back over
30%
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Note, I added the 11
SPX monthly long term system simplified
Posted by matt on 4th of Dec 2011 at 07:18 pm
Note, I added the 11 length RSI to the monthly SPX chart. After looking at the SPX going all the way back to 1960 when it began trading, the RSI only get's oversold during extremely oversold times on a monthly chart. Therefore when this happens, instead of waiting for the 14 length stochastics to cross back above 50% to give a buy signal (or various other indicators like the ROC etc) go long when the 11 length RSI closes back over 30%