Posted by sbaxman111 on 23rd of Jan 2014 at 03:39 pm
At 3:25 the 83 point 1 day change in the RSI-2 indicator
between the RUT and Dow remains in place. This is a new long signal
for me at the close. The Dow currently has an RSI-2 value of 4.37%
and the NYA is at 7.54%. The way I use the VIX indicator is
also giving me a new long signal at the close. The VIX is up 10%
today which, by itself is a fairly reliable reversal signal. The
way I use the NAAD, NYMO, and NAUD indicators is also
long.
My internal indiators on the TRIN are also giving me a
long signal. This means that a long trade for XIV is also in play
at the close. The Trin on its own is above 1.50 - usually a place
for a short-term reversal that also is a long signal.
The Dow is down 3 days in a row for another long signal,
and is exhibiting a high percentage long formation on its 15 minute
chart.
The big question is if it is worth a gamble to go long the
ADRE funds (EEM for etf's) given that it has been hammered today by
almost 3%.
And the CNBC hosts almost sound desperate to understand why
the market could possibly be down 200 points or so on the Dow. How
dare it!!!!!!
Haha interesting to watch the mood change on CNBC. I'm in
Alberta babysitting my grand kids for a week and haven't seen any
CNBC. I don't know if it's relief or withdrawal haha. I sure love
that SPY system though. I kind of want some signals to take me back
in when the time restriction is in affect on the "scaleout"
version. I know better than to get greedy. The beauty of Matt's
system is its carefree nature. No analysis required except how many
shares I can afford and I have to be "hands free" at the close when
the signal comes. . You've shared some of what I've been trying
out. How many indicators do you require simultaneously along with
the RSI-2 to give you that signal??
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RSI-2 Long trade Update
Posted by sbaxman111 on 23rd of Jan 2014 at 03:39 pm
At 3:25 the 83 point 1 day change in the RSI-2 indicator between the RUT and Dow remains in place. This is a new long signal for me at the close. The Dow currently has an RSI-2 value of 4.37% and the NYA is at 7.54%. The way I use the VIX indicator is also giving me a new long signal at the close. The VIX is up 10% today which, by itself is a fairly reliable reversal signal. The way I use the NAAD, NYMO, and NAUD indicators is also long.
My internal indiators on the TRIN are also giving me a long signal. This means that a long trade for XIV is also in play at the close. The Trin on its own is above 1.50 - usually a place for a short-term reversal that also is a long signal.
The Dow is down 3 days in a row for another long signal, and is exhibiting a high percentage long formation on its 15 minute chart.
The big question is if it is worth a gamble to go long the ADRE funds (EEM for etf's) given that it has been hammered today by almost 3%.
And the CNBC hosts almost sound desperate to understand why the market could possibly be down 200 points or so on the Dow. How dare it!!!!!!
RSI-2 Long trade Update
Posted by cal1 on 23rd of Jan 2014 at 05:08 pm
Haha interesting to watch the mood change on CNBC. I'm in Alberta babysitting my grand kids for a week and haven't seen any CNBC. I don't know if it's relief or withdrawal haha. I sure love that SPY system though. I kind of want some signals to take me back in when the time restriction is in affect on the "scaleout" version. I know better than to get greedy. The beauty of Matt's system is its carefree nature. No analysis required except how many shares I can afford and I have to be "hands free" at the close when the signal comes. . You've shared some of what I've been trying out. How many indicators do you require simultaneously along with the RSI-2 to give you that signal??