RSI(2) Strategy Triggering: DDM Buy On Openby Woodshedder on May 9th, 2008 at 2:07 pm |
This is just a quick intra-day note telling you that (DDM: 24.53 0.00%) has an RSI(2) of ~6 today. This will trigger a buy-on-open for Monday of DDM, the ultralong Dow 30 ETF. I will take this signal Monday morning. Best case scenario, the Dow gaps down Monday morning and you pick up DDM even cheaper.
Keep watching (SSO: 19.01 0.00%) and (QLD: 20.63 0.00%) for an RSI(2) cross below 10.
Don’t forget to vote for Fly, which, incidentally is also a vote for me and the other loyal band of iBC tabbed bloggers.
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