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Microcap & Penny Stocks : Technical Trading of Pennies

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To: paul s. who wrote (130)6/23/1998 11:14:00 PM
From: Richard Rose  Read Replies (1) of 478
 
Paul

Bookmarked your thread a while back. Finally getting around to adding something.

MXAM chart looks. In addition to BBand and RSI, I like to look at OBV for pennies along with the other two. Often, but not always, when RSI crosses above OBV around 25, this is positive S/T. When RSI cross below OBV near 75, this is often the end (or near the end) of the run S/T. Use 14 for both.

Have you found this correlation? If not back test it and take a look.

Richard
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