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Excerpt from Stockcharts.com:
"Wilder also considered failure swings as strong indications of an impending reversal. Failure swings are independent of price action. In other words, failure swings focus solely on RSI for signals and ignore the concept of divergences. A bullish failure swing forms when RSI moves below 30 (oversold), bounces above 30, pulls back, holds above 30 and then breaks its prior high. It is basically a move to oversold levels and then a higher low above oversold levels."
We did not hold above 30 the day before yesterday, . . . not perfect. But yesterday did engulfing the prior day's action.
Yesterday, Dr DiLiddo, Chairman of VectorVest, has made the following buys in his model portfolio: EDC, FAS, BGU, SSO and QLD ahead of VV's own upcall, which is about 1% away from happening. Shorter beware. You think Mr. DiLiddo is smart enough to be sucidal?
I am sorry that you don't have judgement to judge things by yourself. If you have been mislead by me, I am sorry.
Mr. DiLiddo is an authority in market timing. This is a fact. He made the stated trades in his model portfolio on 8/11/11 as stated. That is also a fact.
Every one speculates. You don't like my tune. Tough luck. This will be the last answer to your reply. Thank you.
Alpha 20 Holds has a performance record since 5/19/11. You can examine it at any time.
Mr Sy Hardings indicated in his blogs this weekend that he covered his shorts on Thursday and will stay in cash waiting for the end of the relief rally.
It is very smart for Steve to allow for discussions and postings to the BBT as it generate content without much work on his part. I googled "RSI Swing Bullish Buy Signal" for additional research and stunned to see BBT was on top of the search result.
Need some help here; have been using CFDs for a while now but am now transitioning to ES.
I know just about everything except how one does rollovers on Interactive Brokers? (I know the dates and expiration etc)
Thanks in advance.