Skip to main content
No. of Recommendations: 3
I have defaulted to the following:

QQQ RSI(5) no trades this week.

System buys in AH on an RSI(5) close below 30. Came close with a 30.7 on Wednesday and I checked the Thursday low and it was 30.2 during the selloff.

System sells in AH on an RSI(5) close above 50


http://stockcharts.com/def/servlet/SC.web?c=QQQ,uu[m,a]daclyyay[da][pb50!d20,2][vc60][iUb5!Lc10]&...

My reasoning is as follows-

Since last summer I have guessed we are in a stagflation scenario.

I work for a cyclical co. and biz continues to contract in a spiral due to competition from the far east.

Runs in the Bios and Nets smell of speculation that should be wrung out of the market by now but is not.

VIX to low & $BPCOMP has not issued a deep buy signal in a while.

If I am wrong this conservative system will keep me in the game.

John

Only current position- trade turned longterm short MCHP
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.