StockFetcher Forums · Filter Exchange · RSI(2) - The Little Indicator That Could<< 1 2 3 4 5 ... 26 >>Post Follow-up
TheRumpledOne
6,362 posts
msg #29221
Ignore TheRumpledOne
10/9/2003 9:49:03 PM

RSI(2) says get ready to load the boat with SNUS. Should hit bottom soon.




jthehut
124 posts
msg #29226
Ignore jthehut
10/9/2003 10:52:48 PM

I usually fill my boat with Coronas...what does this SNUS taste like???????

Actually, if it doesn't hit a "respected" volume ie more than the 52k from yesterday, would you still accumulate if rsi(2) hits a low??? It needs a big volume day like near the end of Sept before I think I would consider it (just from liquidity issues)...810k looks more enticing to me.

But who am I to argue with you, oh Great One (sorry, RumpledOne), if a g-note is somewhere, you have the nose for it!

M aka j-the-hut


EWZuber
1,373 posts
msg #29235
Ignore EWZuber
10/10/2003 1:27:39 AM

TheRumpledOne
Williams %R at max oversold but suspect it may want to at least briefly test the 50 DMA @ $4.50 ( & rising slightly ) as support.
Volume too low for me too. I need an absolute minimum of 100K, but 200K or better is more comfortable for me. JMHO


EWZuber
1,373 posts
msg #29238
Ignore EWZuber
10/10/2003 2:29:46 AM

Avery
Take a look at BNBN.
Came up on a basic oversold filter. It closed testing resistance at the 15 DMA which also happens to be trendline resistance.
Today would have been a killer daytrade.
It closed the session getting pummeled the last 25 minutes so.
I'm going to set a price alarm and keep an eye on it.


TheRumpledOne
6,362 posts
msg #29249
Ignore TheRumpledOne
10/10/2003 9:06:10 AM

EWZuber:

BNBN had an RSI(2) bottom on 9/26 with higher bottoms on 10/2 and 10/7. Using Muddies' "wait for green", one would have been it and out with nice daily profits the day after each bottom.

Looking at BNBN with your slow stochastics (5,3), I think the crossover may have caused one a tough battle to take profits during this time period or cautioned one to not enter. Is this a valid interpretation?




EWZuber
1,373 posts
msg #29275
Ignore EWZuber
10/10/2003 5:47:31 PM

TheRumpledOne
Yes it is.
I wouldn't have looked at that as a good low risk entry and would have passed on it.
The best entry using stochastics and trendlines would have been on 8/15 or 8/18.
Here we have the Weekly chart stochastics +xover and Daily chart +xover also.
Also BNBN tested trendline resistance as new support on 8/15 and tested that same level on 8/18 and confirmed it as support.
That started a new uptrend with a new supporting trendline that was intact until 10/7 when it was broken on a closing basis and traded below it for a couple days.

Today BNBN gapped up to trendline resistance and sold off.
As you probably saw a wedge pattern is just about to be broken one way or another very soon.



TheRumpledOne
6,362 posts
msg #29286
Ignore TheRumpledOne
10/11/2003 1:04:49 PM

RSI(2) < 1 spit these out:

EYEM 0.02
FLMIQ 0.02
MASG 0.02
CDED 0.04
WCOEQ 0.06
SLGLF 0.17
BIOHF 0.18
BEV 5.38
EMN 32.24
GIS 45.24


IT'S NOT WHAT YOU TRADE BUT HOW YOU TRADE IT!


TheRumpledOne
6,362 posts
msg #29302
Ignore TheRumpledOne
10/12/2003 1:55:15 PM

MIRKQ ... bankrupt energy stock... showing positive divergence.

Missed the boat from .2x to .7x

Can't trade them all!


TheRumpledOne
6,362 posts
msg #29341
Ignore TheRumpledOne
10/16/2003 9:17:15 PM

SNUS closed $5.30 today

10/14 bottomed at $4.63 RSI(2) = 1.02

Any questions?






jthehut
124 posts
msg #29342
Ignore jthehut
10/16/2003 9:37:33 PM

Yes, I have a question....

If it actually doubled volume 2.5x (which it did), am I right or are YOU right about the stock?!?!?!?

Stopped watching it a few days ago since no price/volume movement, obviously a good $ maker, I humbly acknowledge your "crystal-ball"-like predictions, I only wish you could predict me my next stock... (you know my email addy!!!).

jthehut aka M




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