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One thing you might consider doing is using the RSI with dynamic bands along
with the 70/30 as Connors does. Then you get a volatility of volatility
compensation. The VIX Reversal as presented in the E zine by Connors only
specifies a pivot near the band and does not require a crossover of the buy or
sell band.
BobR
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In a message dated 98-06-03 10:16:52 EDT, onwingsofeagles@xxxxxxxxxxxxx
writes:
<<
Here's a gif using the Connors parameters on VIX RSI reversal and an OEX
plot.
Monday 6/1 RSI value calculates to 67.3197 for 5 day Close on VIX, even
though RSI did pivot down Tuesday 6/2, reflecting a bounce. If you stretch
the rules, you would be long.
Previous time RSI crossed over 70 and pivoted down was 5/27-5/28 (also shown
on graph).
I did not take either long trade (5/28 or 6/2) on the SnP/OEX indexes.
Not confident that long side is the correct side to trade right now, even
though market is supported by strong seasonal probabilities and one "almost
hit" and one "definite hit" signal was generated above.
Regards
Gitanshu
>>
Attachment Converted: "c:\eudora\attach\MVI.gif"
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