yes end of day, however the starts are still Ok even if an
oversold reading of 2.2 - 2.5 was used instead of 2.
But again realize that GDX is in a strong down trend, and while
those stats look good on the surface, you had to go through some
pain at times with the position being down a many times before
closing positive - average draw down is almost 5%
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yes end of day, however
GDX RSI strategy, RSI 2 closes below 3, see video and details
Posted by matt on 12th of Jul 2012 at 02:20 pm
yes end of day, however the starts are still Ok even if an oversold reading of 2.2 - 2.5 was used instead of 2.
But again realize that GDX is in a strong down trend, and while those stats look good on the surface, you had to go through some pain at times with the position being down a many times before closing positive - average draw down is almost 5%