chetron 2,817 posts msg #73064 - Ignore chetron modified |
3/25/2009 6:52:42 AM
THIS IS FOR EQUITIES THAT HAVE BEEN BEAT DOWN SO BAD THAT THEY FELL ASLEEP.
WHAT I NOTICED ABOUT THE DAILY P.O. IS THAT, WHETHER BY DESIGN OR ACCIDENT, IT STAYS ABOVE 50 FOR A WHILE AND TRACKS WHEN A STOCK IS BUILDING A NICE BASE, WHILE ALL THE WHILE, WEEKLY RSI IS DOWN IN THE MUD.
THEN I NOTICED IS THAT DAILY BILLY SEEMS TO KICK UP WHEN THERE IS A "FAILED SELL OFF, NISON" CANDLE, OR A HAMMER-LIKE CANDLE, AGAIN THE WEEKLY RSI IS STILL IN THE MUD
I USED AIG 3/9/09 AS A TEST.
HTH
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