The first looks at buying the Nasdaq any time it closes lower 8 days in a row and selling X days later.
The second looks at buying the S&P 500 any time the S&P, Dow and Nasdaq all close with an 8-period RSI below 25 and selling X days later.
$100,000 per trade.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCwqy1nfYXIDl659PJB_m2N4HN_ELCiXCp2FsnSyPnyrUtyOTzktwsIsyrJeD3DEaKvTbBru1B9ZEyiM670hLFM96qoMDpqYPQyNirBO29HcV_0R7kzoF0RHOSRzvGBB227xFntSfb_1w/s400/2008-1-9+Tables.png)
I found no compelling evidence for an immediate bounce with these studies. When adding additional trend and breakdown filters as I mentioned last night, the numbers looked even worse.
Perhaps a true washout or a solid reversal could get us the quantifiable edge we seek...
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