Penny Stocks | Investing Online - View Single Post - MP...question on your 9/29 update to the RSIWLR

mp6140 · Sat, 02-04-2006, 10:27 AM

well now, i guess the first few paragraphs of the RSIWLR instructions pretty well sums up the whole program, since its SO much simpler than setting up "mikeys method" (gotta change that name someday) which required a hand quide.

BUT THE SIMPLEST WOULD BE --- BUY when all the lines are at the bottom having gotten there at between a 30 and 45 degree angle AND the pps is sitting on the bottom LRC line showing a hammer or a doji AND the timeseries lines are BENEATH the pps.

SELL when the RSI2 hits topside "directly" and does not bend over and go flat at the top. if it goes flat, hold and wait for the rest of the lines to reach the top and then SELL. Prepare to SELL when the RSI 2 reaches the 80% area, as that shows the stock will most likely gap the next day and begin its selloff.

cant get simpler than that !

Sat, 02-04-2006, 10:27 AM	#18 (permalink)
mp6140 CRUSTY ON THE OUTSIDE ! Join Date: Mar 2005 Posts: 839	MP -- HAND QUIDE FOR THE RSIWLR well now, i guess the first few paragraphs of the RSIWLR instructions pretty well sums up the whole program, since its SO much simpler than setting up "mikeys method" (gotta change that name someday) which required a hand quide. BUT THE SIMPLEST WOULD BE --- BUY when all the lines are at the bottom having gotten there at between a 30 and 45 degree angle AND the pps is sitting on the bottom LRC line showing a hammer or a doji AND the timeseries lines are BENEATH the pps. SELL when the RSI2 hits topside "directly" and does not bend over and go flat at the top. if it goes flat, hold and wait for the rest of the lines to reach the top and then SELL. Prepare to SELL when the RSI 2 reaches the 80% area, as that shows the stock will most likely gap the next day and begin its selloff. cant get simpler than that !