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Being relatively new to trading (albeit, a long time lurker on this list) I
have been reluctant to offer suggestions to this audience. However, I will
make this trade (buy the Rydex Titan 500 fund) on Monday with the morning
exercise (10:30 EST) if the SP 500 high is greater than 1421. I will hold
for one day unless I get another signal to maintain the trade.
I use this signal as a short term trade initiator with the possibility to go
into an intermediate trend trade (2 - 14 days) with other signals.
For those who are contrairian and cannot distinguish the difference between
foolishness and bravery, use that attached file.
Results attached for a one day duration trade, using the open for the system
test (deduct one point from each result to allow for the one point
threshold).
Yes, there is some "optimization" in this formula so use at your own risk.
Drawdowns could be large.
Pete
Attachment Converted: "c:\program files\qualcomm\eudora\attach\Extreme RSI.xls"
Attachment Converted: "c:\program files\qualcomm\eudora\attach\EXTREME RSI.doc"
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