Posted by dylanc4b13 on 1st of Apr 2016 at 04:04 pm
I have mixed feelings that something is going to happen on
Monday... lol....heck something always happens after Aprils fools
day :) Perhaps today all the bulls will celebrate, but once Monday,
comes around, somebody will say its post April fools day.
Posted by sbaxman111 on 1st of Apr 2016 at 07:40 pm
I looked back at the RUT fund prices that I like to use
starting for what happened the day(s) after April 1st beginning in
2008.
Calendar years 2009, 2010, 2011, 2014, and now 2016 all had
RSI-2 values above 90% for the RUT on the 2nd trading day of April.
All four of these prior years all eventually made money being short
on the day after April 1st.
In fact every calendar had an opportunity to eventually
make money going short on this day. It will be interesting to see
what happens this year with 90+% RSI-2 values in place.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
There is no such thing
NDX 60min extremely overbought
Posted by EdZ on 1st of Apr 2016 at 03:49 pm
There is no such thing as overbought in this market environment. :-)
the market gods need the
Posted by matt on 1st of Apr 2016 at 04:00 pm
the market gods need the 'masses' to be convinced of that, then it will finally pullback
Wondering if this next month
Posted by pmahoney on 1st of Apr 2016 at 05:24 pm
Wondering if this next month or so is going to be the real wave 5 rally... Paul
Post April Fools day on Monday
Posted by dylanc4b13 on 1st of Apr 2016 at 04:04 pm
I have mixed feelings that something is going to happen on Monday... lol....heck something always happens after Aprils fools day :) Perhaps today all the bulls will celebrate, but once Monday, comes around, somebody will say its post April fools day.
DAY AFTER APRIL FOOL'S DAY
Posted by sbaxman111 on 1st of Apr 2016 at 07:40 pm
I looked back at the RUT fund prices that I like to use starting for what happened the day(s) after April 1st beginning in 2008.
Calendar years 2009, 2010, 2011, 2014, and now 2016 all had RSI-2 values above 90% for the RUT on the 2nd trading day of April. All four of these prior years all eventually made money being short on the day after April 1st.
In fact every calendar had an opportunity to eventually make money going short on this day. It will be interesting to see what happens this year with 90+% RSI-2 values in place.