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Trend strength is an important part of trading directionally when it comes to most systems. A while ago, we looked at an additional criteria that a ProfitSource user employed at one of our software training sessions.
And thank you for those of you who wrote in with very sincere concern for my state of mind. I am sorry if I alarmed you but I have found getting things off my chest a calming process.
In this age of computers and technical trading software, Welles Wilder’s Relative Strength Index (RSI) remains one of the most popular indicators in technical analysis. <
The week went from renewed confidence after the US Federal Reserve cut discount rates by 0.5% to renewed worrying about the still-unfolding US sub-prime mortgage saga.
Not sure if it’s been quite a decade but it does not matter. I sold down and tried my hardest to be a bear and I had a miserable week. It confirmed all I have always believed.