RE:RE:RE:RE:RE:TAWorked well with this stock:
09/27, 2-day rsi <5. buy 70k @.15 ($10.5k)
10/11, 2-day rsi >95. sell 70k @ .85 ($ 59.5k)
10/27, 2-day rsi<5. buy 180k@ .33 ($59.4k)
11/15, 2-day rsi >95. sell 180k @ .63 ($113,400)
11/30, 2 day rsi <5. buy 250k @ .45 ($112,500)
12/9, 2 day rsi @ 99.72. sell 250k @ .70
total profit = $165,000 (give or take trading commissions)
huh! doesnt work every time but with stops wins 60-65% of the time. I owe larry connors a lot!
if is not a long term strategy and you can get burned if you wait too long to sell or enter too fast.
The longs will hold but there is money to be made on the way up and I never short (dont bet against the pass line either)
DN