The 1.75 value for ZYXI seems like a mistake but that is what prophet.net is displaying. Monday we will see if this relative strength index correlates at all with subsequent price performance. I don't expect the matches to be perfect but let's see what happens. Perhaps stocks with RSI(2) in the 50's/60's/70's will perform better (i.e. drop more) than stocks that have run up with RSI(2) in the 90's like LEVP and FORD (which aren't on the watchlist). RSI(2) is an indicator that Muddy finds important but I haven't made a point to prioritize the watches based on weak RSI(2). Muddy has said before that stocks piercing UBB with RSI(2) > 90 is an indicator of strength. This will be a quick test tomorrow with a follow up.
Sunday, October 12, 2008
Subscribe to:
Post Comments (Atom)
3 comments:
Hey JV,
I created the program to calculate the indicator that you were looking for. Find it at
http://ramtajogi.in/2008/10/introducing-co-relation-calculator/
Enjoy!
RJ
JV,
Updated the program.
Check http://ramtajogi.in/2008/10/co-relation-calculator-updated/
this thing is incredible. I will have a really revealing blog post coming up the next day or so.
Post a Comment