tag:blogger.com,1999:blog-2676650858658561710.post4718831385432251892..comments2023-11-02T06:14:07.871-04:00Comments on Quantifiable Edges: Sharp Selloff A Buying Opportunity?Rob Hannahttp://www.blogger.com/profile/07596674657839065754noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2676650858658561710.post-10126164792619750512008-05-22T10:13:00.000-04:002008-05-22T10:13:00.000-04:00Bill - Thanks for sharing your study. Very intere...Bill - <BR/><BR/>Thanks for sharing your study. Very interesing. With regards to my 3 studies, shortening the time frame did not substantially change the results. <BR/><BR/>If you'd care to look at the 12 dates my last study looked at they were: 2/25/75, 9/5/79, 10/9/79, 2/15/80, 8/19/80, 12/2/80, 1/9/86, 7/7/86, 11/15/91, 8/8/97, 7/20/99, 1/4/00.<BR/><BR/>Deke - <BR/><BR/>Thanks for sharing. I mentioned the fact that the market was oversold based on some very short-term indicators in my Subscriber Letter last night. Most of my current studies are bearish and I'm wary stepping in front based only on very-short term indicators when I'm seeing several indications that beyond a few days the market may struggle. I wouldn't be surprised to see a short-term bounce, but I'll mostly sit it out for now. I did take profits on most of the short positions in the Letter that had built up over the last few days. I may be willing to go long if there is more selling or I begin to see stronger upside edges. I'll look at some of the things you noted in more detail. So far evidence is not compelling enough for me to put much at risk.<BR/><BR/>Thanks,<BR/>RobRob Hannahttps://www.blogger.com/profile/07596674657839065754noreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-6700793357872186112008-05-22T07:58:00.000-04:002008-05-22T07:58:00.000-04:00many 'old trader axiom' buys for today, usually tr...many 'old trader axiom' buys for today, usually try to catch morning low: all of these can be taken on their own, including TRIN close >1.49, equity p/c close >1.04, NDX daily adx>30 and 20ema touch(holy grail), NDX rsi5 below 30(sell when touches rsi5 50), midweek reversal if mon-weds goes one way thurs-fri goes the otherAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2676650858658561710.post-76203341589656917732008-05-22T07:52:00.000-04:002008-05-22T07:52:00.000-04:00The problem with a 1960-present study is that it c...The problem with a 1960-present study is that it combines different eras of behavior, with regard to sharp pullbacks. This is clearly spotted by my 2-day RSI study, linked here.<BR/><BR/>http://www.billakanodoodahs.com/2007/07/about-that-2-day-rsi/nodoodahshttps://www.blogger.com/profile/05324705536306995431noreply@blogger.com