xraywiz
22 posts
msg #32497
- Ignore xraywiz |
7/2/2004 11:08:26 AM
Hi txtrapper,
I just came across your multiday RSI filter 0f 4/13/2004:
---Slow Stochastic(5) Fast %K is below 20 and RSI(2) is below 2 for the last 3 days and Average Volume (10) is above 100000 and close is between .13 and 5---
and got a whole bunch of reds. I was looking for an indication for entry.
Am I missing somthing?
MMF
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txtrapper
548 posts
msg #32511
- Ignore txtrapper |
7/5/2004 7:20:51 PM
This may be the best little (772KB) program to come along in years.
http://www.printdesktop.com/download.htm
Enjoy,
TxTrapper
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txtrapper
548 posts
msg #32512
- Ignore txtrapper |
7/5/2004 7:35:47 PM
xraywiz
Slow Stochastic(5) Fast %K is below 20 and RSI(2) is below 2 for three days and Average Volume (10) is above 100000 and close is between .13 and 5
Try this xraywiz;
This filter looks for stocks hitting bottom before they bounce.
Use Stochastics Fast (10,5)and another of your favorite indicators for confirmation on your chart to watch the pop begin. What you need to do is plug in the stocks that you like from the filter results, and watch for a "green hold" the next market day, that's the time for entry.
TxTrapper
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TheRumpledOne
6,529 posts
msg #32524
- Ignore TheRumpledOne |
7/7/2004 7:49:30 PM
Nice to see you are using RSI(2).
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txtrapper
548 posts
msg #32526
- Ignore txtrapper |
7/8/2004 7:55:22 AM
RSI(3)
Actually I have had greater success using RSI(3). That means that if the RSI(3)is going up and RSI(3) is below, say, 55, on the next day the stock will "go up in price" about 75% of the time. Can't say the same for RSI(2).
TxTrapper
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txtrapper
548 posts
msg #32528
- Ignore txtrapper |
7/8/2004 8:40:28 AM
RSI(3)turning up;
I have had greater success using RSI(3). That means that if the RSI(3)is turning up and RSI(3) is below, say, 55, on the next day the stock will "go up in price" about 75% of the time.
Stocks2Watch
SYM.......RSI(3)- Value Today
VWPT.........27.74
MEM..........12.78
MII...........19.76
NPCT.........20.78
TxTrapper
Come join a friendly forum;
http://finance.groups.yahoo.com/group/bottomlinestocks/
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TheRumpledOne
6,529 posts
msg #32534
- Ignore TheRumpledOne |
7/9/2004 8:31:39 AM
Where it all started:
http://finance.groups.yahoo.com/group/stockfetcher/
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txtrapper
548 posts
msg #32535
- Ignore txtrapper |
7/9/2004 8:36:53 AM
If insiders are buying stock, shouldn´t you be buying?
If insiders are buying shares in their own companies, they usually
know something that normal investors do not. They buy because they
see a merger, acquisition or great earnings ahead or simply because
they think their stock is undervalued.
Peter Lynch, the former manager of the Magellan Fund, has noted that
insiders might sell their shares for any number of reasons, but they
buy them for only one: they think the price will rise. That is why I
really believe that following the insiders path can lead you to
enormous profits in the stock market.
TxTrapper
=====================================
DPAC $0.64 (1)
2004-07-06 DADAMO, RICHARD J.(Director) 5,000 Purchase $3,300
HAUP $4.46 (1)
2004-07-06 PLOTKIN, KENNETH(Chief Executive Officer) 4,200 Purchase
$6,615
Come join us to see the whole list for today;
http://finance.groups.yahoo.com/group/bottomlinestocks/
TxTrapper
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cegis
235 posts
msg #32538
- Ignore cegis |
7/9/2004 2:32:33 PM
"Peter Lynch, the former manager of the Magellan Fund, has noted that
insiders might sell their shares for any number of reasons, but they
buy them for only one: they think the price will rise."
- That was before public relations buying became the norm...
But I do agree it's not a bad place to start looking.
C
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xraywiz
22 posts
msg #32540
- Ignore xraywiz |
7/9/2004 6:58:29 PM
Hi txtraper,
Thanks for the explanation, and sorry for the delay in acknowledging. Have been held up for a couple days.
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