The Power of the RSI 3 comments
October 27, 2008
| about: SSO
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As long as the lows hold, the bottoming thesis is in effect. I have focused on more short term 3-6 month charts lately, but here is a two year chart showing the power of the oversold Relative Strength Index, even in a longer term down trending "topping" market.
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You do not understand the trade.
Buy the SSO when the RSI breaks under 30.
Hold until above 50 and sell if it breaks below that.
You might run the winner / loser evaluation again.