Posted by sbaxman111 on 28th of Mar 2014 at 11:32 am
At yesterday's close the RSI-2 values for the indexes were:
NYA 46.42%, $DJUSFN
4.31%, $MID
5.93%, INDU 31.04%, SPX
17.96%, NDX
7.19%, RUT
1.51%, and ADRE at
98.39%.
With the RUT index at
9.44%, 1.91%, and 1.51%on
consecutive days, this was a high probability Long trade
yesterday.
Now today the RSI-2 values have jumped to NYA 86.00%,
$DJUSFN 59.03%, MID 70.94%, INDU 82.01%, SPX 74.69%, NDX 61.64%,
RUT 62.42%, and ADRE is at
98.39%.
One day moves like this from an extremely low value like
RUT
1.51%from the previous day are
often reversed on the following trading day (Monday). The almost
97% 1 day difference between RUT and ADRE is one of the largest in
my data going back more than 13 years.
Does this data guarantee a reversal on Monday? Of course
not - but the historical statististical odds of this type of
pattern certainly do.
Significant RSI-2 one day move today so far
Posted by sbaxman111 on 28th of Mar 2014 at 11:32 am
At yesterday's close the RSI-2 values for the indexes were: NYA 46.42%, $DJUSFN 4.31%, $MID 5.93%, INDU 31.04%, SPX 17.96%, NDX 7.19%, RUT 1.51%, and ADRE at 98.39%.
With the RUT index at 9.44%, 1.91%, and 1.51%on consecutive days, this was a high probability Long trade yesterday.
Now today the RSI-2 values have jumped to NYA 86.00%, $DJUSFN 59.03%, MID 70.94%, INDU 82.01%, SPX 74.69%, NDX 61.64%, RUT 62.42%, and ADRE is at 98.39%.
One day moves like this from an extremely low value like RUT 1.51%from the previous day are often reversed on the following trading day (Monday). The almost 97% 1 day difference between RUT and ADRE is one of the largest in my data going back more than 13 years.
Does this data guarantee a reversal on Monday? Of course not - but the historical statististical odds of this type of pattern certainly do.
Title: My own opinion is
Posted by hweinstein4 on 28th of Mar 2014 at 11:56 am
My own opinion is whatever happens in the final hour of trading today will be a precursor as to how we open up on Monday morning. HW1nyc