No. of Recommendations: 4
Hi All,
This is always in interesting thread, but again the actual implementation details are where the devil lives. The standard overbought/oversold indicators are the RSI signal, using a 14-day lookback. With GTR1 down, I am not sure we can test this as an alternative, but it seems to me that we can look at a basket of stocks and its appropriate RSI as well (never done this myself).
Thus, it would seem to be that we could take the RSI from Cloud Stocks, SaaS Stocks, and Saul Stocks and average that and see where you fall. RSI seems to be bullish below 30 and bearish above 70.
It seems that with these particularly high volatility stocks, figuring out when it is "safe to be in the water" would be an excellent improvement.
--G
