SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: eichler who wrote (365)8/12/2001 9:54:09 PM
From: pvz  Read Replies (3) of 2290
 
It’s so cozy and funny over here in your motley hideaway of renegades and misfits, I would like to join you if I may. Coming from an accounting background, I used to swear by FA but have been using a combination of both FA and TA in the past months. Most recently I have been successful with a strict regimen of extreme indicators – call it Extreme Investing (bungee style) if you will – starting with an extreme RSI reading. It works faster and more reliably with shorts than longs and I’m beginning to wonder whether it makes sense to go long at all in this market when there’s a very adequate return to be made on two or three day shorts and getting gravity to do the work for you. Like you Iowaman, I’m happy taking small profits and moving on.

There are always overbought sectors – last week auto parts and truckers broke down. Next week I’ll be looking at the grocers (eg abs, gap). Fundamentally, I’ll be looking for companies I wouldn’t want to buy – spotty trends, higher than average PE, non-recurring charges and PEGs above 1. Short interest shouldn’t be too high. Most important though is that the RSI reading is overbought at above 70 on both the daily and weekly charts, and either peaking or heading down already.

I’m afraid ebay is right in the middle of its RSI zone so it doesn’t fall into my scope yet, but I’m looking forward to sharing other ideas in the future.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News