Matt, the GDX daily chart is showing an RSI 2 of 0.89. Do
you have a GDX system that goes long with an RSI (2) of under
1? Or am I thinking of something else?
Pebs- sorry for not replying to you yesterday - yes I have stats
on the GDX and RSI 2.
here's the blog post on that a while back - that condition
wasn't met yesterday, the RSI 2 closed over 1% yesterday, it's
closing basis that matters. Currently today it's back below
2%
GDX daily
Posted by pebs on 25th of Nov 2013 at 01:05 pm
Matt, the GDX daily chart is showing an RSI 2 of 0.89. Do you have a GDX system that goes long with an RSI (2) of under 1? Or am I thinking of something else?
Pebs - sorry for not replying
Posted by matt on 26th of Nov 2013 at 09:41 am
Pebs - sorry for not replying to you yesterday - yes I have stats on the GDX and RSI 2.
here's the blog post on that a while back - that condition wasn't met yesterday, the RSI 2 closed over 1% yesterday, it's closing basis that matters. Currently today it's back below 2%
http://breakpointtrades.com/blog/post/222332/
GDX Daily and RSI 2
Posted by praetor54 on 26th of Nov 2013 at 04:23 am
The RSI 2 system applys to stocks over their 200 MA. In the case of Matt's SPY system it's the 162 day MA.