TheRumpledOne
6,411 posts
msg #65637
- Ignore TheRumpledOne |
7/31/2008 2:52:06 PM
WALLSTREETGENIUS
- Ignore WALLSTREETGENIUS
modified 7/31/2008 12:13:48 PM
As you already know, I have an uncanny way of finding extreme bottoms & tops on charts. I've already proven that RSI(2) on a daily chart is inferior to my WILLIAMS %R(2), and if you've missed any of that, I strongly encourage you to read about it because your future entries and exits will NEVER be the same!
Now that we know RSI(2) is obsolete, and my Billy(2) is your gateway to profits...I thought it was time to share my most powerful rock bottom filter. Avery (TRO) just the other day took a cheap shot at me about using RSI(2) on my charts as a weekly scan, by saying something like...
" I'm glad you see the light on RSI(2)! "
I had to laugh, because I knew I hadn't released this bit of information yet. So if you now think that my Williams %R(2) is superior over RSI(2) on daily charts, just wait till you see how powerful Billy(2) is over RSI(2) on WEEKLY charts! I welcome you to look at all the charts you can drum up and look for Weekly Williams(2) increasing, while the RSI(2) is falling, or hugging that zero line.
Now, there will be a select few that don't pop, but the ones that don't are the one's that are too early. Meaning, make sure your Stochastics(5,3), COG(5,3), or what ever oscillator you use is BELOW it's lower reference point (below "0" or 25). That's the difference maker! Also, just wait till you see what happens on your HOURLY charts when these two diverge from one another. It's truely amazing! At times on your hourly charts you'll see the opposite happen with RSI going up while Billy is declining. It doesn't happen often, but it works the same way when it's at the bottom of a chart. But at the top of charts we already know that's an early warning to get out of a stock.
If RSI(2) is the "little indicator that could"...then, Williams(2) is the "BIG ENGINE THAT DID!"
Just look at the performance(far right of dashboard)of the last 3-days!...
you won't believe your eyes!!!
NOTE: Many of the weekly scans of WRSI(2) are going up,
but if you look at your regular platform charts, it is falling.
Don't know why SF does this, but it still works out great!
((( THEMIGHTYRIGGS ABSOLUTE BOTTOM FILTER )))
- WALLSTREETGENIUS -
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