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DT:
some pundits and experts (who are wrong most of the time) say that yesterday was
simply end-of-month windowdressing and the rally was a clear "dead-cat
bounce". I tend to agree. If the rally continues for some time,at
least until the MeanRSI indicator travels to the top of its range, then I will
be most impressed and will lobby for the rest of the membership to ship youa
bottle of your favorite (virtual) wine or beer.
<SPAN
class=330351312-01052002>
We
will see!!
<SPAN
class=330351312-01052002>
<SPAN
class=330351312-01052002>Ken
<FONT face=Tahoma
size=2>-----Original Message-----From: Dimitris Tsokakis
[mailto:TSOKAKIS@xxxx]Sent: Wednesday, May 01, 2002 5:29
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker] Fw:
The past and the future of the MeanRSI
Once again, the reaction occurred in the narrowband
[36,38].
the last values of the MeanRSI were
41.08
36.94
36.79
41.22
The Market repeats its past
behavior.
DT
----- Original Message -----
From: <A
href="" title=tsokakis@xxxx>Dimitris Tsokakis
To: <A href=""
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, April 28, 2002 2:21 PM
Subject: The past and the future of the MeanRSI
For a group of n stocks, the
MeanRSI is
<FONT color=#0000ff
size=2>MeanRSI=(RSI1+RSI2+...+RSIn)/n.
With the help of Addtocomposite()
function it is easily calculated from the scan
R=IIf(RSI()>=0 AND
RSI()<=100,RSI(),0);
<FONT color=#0000ff
size=2>AddToComposite(R,"~SUMRSI","C");
<FONT color=#0000ff
size=2>AddToComposite(1,"~COUNT","V");
Buy=0;
as the quantity
<FONT color=#0000ff
size=2>MeanRSI=Foreign("~SUMRSI","C")/Foreign("~COUNT","V");
which may be plotted or used inAA
systems.
For ^NDX group, the graph of the MeanRSI
since early 2000 is in the att. gif.
For the lower band [36,38] and upper
line [60], the MeanRSI gives huge profits for the
whole Market and the majority of the 101
stocks.
My [reasonable] question is about the
future of the MeanRSI.
Will it oscillates in this zone? Will
it be more flat in the future and oscillate for a long time, say, in
the
more narrow [40,55] band ?[thismeans
that the ^NDX market will change its "style" and behave more
like S&P or other cool
indexes].
This is the main question aboutthe
UNKNOWN future of ^NDX market.
Any bright idea ?
Dimitris Tsokakis
PS. Profits for [36,38]/60 bandexceed
+1000% for the whole market for the last 2 years.Your
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