show stocks where count(RSI(2) 2 day ago above 90,60) is above 0
and RSI(2) is below 20
and average volume(10) above 250000
and close one day ago more than 8% below close 2 day ago
and close more than 4% below close 1 day ago
and close above 0.99
and 60 day slope of close is above 0
and market is not otcbb
The first line by the way is designed to find an unknown moment in the past when the RSI(2) was greater than 90. Because Mike didn't know how far back that would be he used an ingenious construct that ensured that he would catch one. Why 60 days was required I don't know but it works and that's all that counts.
Unfortunately using my standard test method this approach yields negative ROI in both the current and last periods. (The same periods that my derivation yielded 200+ and 500+ ROI. The interesting thing is that the win percentage of 47 and 52% respectively is better than mine. But no win percentage that produces more losses than profits is going to entice me to use the code.
Slotmonkey mentions that the "reverse rocket" is even more impressive (used for shorting) since I don't short it doesn't matter to me - but if the code is provided I'll supply it as a public service to my readers.
I'm going to stick with "Dead Cat Bounce" and see if I can make a buck or two off it.
Today's Rocket selection is TAG - it's ugly but cheap.
Today's Dead Cat Bounce (Marlyn's Filter) is ANGO which showed at the top of a 6 stock list - the 6th stock on that list was TAG.
We can now have a shoot out.