RE : [EquisMetaStock Group] Re: Reverse Engineering RSI

["Scoubidoo \(Alain\)" <scoubidoo@xxxxxxxxxxxxxxx>]

Hi 
Dusant,
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Here 
is a stratégie (example).
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I see 
the RSI with a double-top under the line 50. If I think the RSI will continue to 
drop until line 30 (I want to explain the ReversalEngRSI, not the RSI behavior). 
I short the stock now at $12.50 and my targuet (exit point), will be 
$10.70.
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If the 
RSI touch the line 30, the close of stock will be $10.70.
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<FONT face=Arial color=#0000ff 
size=2>Stratégie 2,
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If the 
RSI cross the line 50 and goes up to line 70, I buy the stock now at $12.50 and 
my targuet (exit point), will be $14.00.
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If the 
RSI touch the line 70, the close of stock will be $14.00.
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<FONT face=Arial color=#0000ff 
size=2>Alain.
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  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Dusant 
  [mailto:cooldush@xxxxxxxxxxx] Sent: Friday, August 22, 2003 1:13 
  AMTo: equismetastock@xxxxxxxxxxxxxxxSubject: 
  [EquisMetaStock Group] Re: Reverse Engineering RSI
  Thanks Alain for your post.
  Am attaching a pic of the Indicator.
  Can you lease explain, how is it better to use 
  than plotting the plain RSI and generating buy sell signals with an 
  Expert?
  I was given to understand that the indicator can 
  be manipulated to gauge the "reaction" of the indicator vis a vis a projected 
  close.
  I am sorry, (as I mentioned) I have not read the 
  article.
  Maybe I should hunt it up.
  DusantTo 
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