This indicator is really not geared to be used for short-term trading, but it has done really well this year.
I missed writing about the cross on Thursday evening due to the Sewing Machine Installation. The indicator would have had you long at Thursday’s close. The short trade was closed for a quick profit of +0.82%
The first cross of 2011 was on 9.30.11. Trading that cross and every cross since then produces an annualized return of 9.95%. Five out of the six trades in 2011 have been winners. SPY, year to date is down -0.79%.
The first time you posted on ROC it looked like a. Long term indicator? Now there have been 6 signals in past 3 months. What the cock is this shit.
Ever consider that the market might be a little volatile lately? Long term breakouts have been triggering too. Go drink a cup of tea and ctfo
Dayum, Wood, I haven’t seen you this jumpy since you got that new Keurig Espresso machine last Christmas.
_______
Uhm… what’s crossing what?
Bottom pane. Red and blue lines. One is the ROC5 and the other is the ROC252.
Holy crap, Wood, I thank you for bringing that Blodgett article to my attention. I’m dumbfounded that piece made its way into a business publication.
And given the amount of iBC attendants who latched onto the idea as gospel… I think I may need to do a remedial biz-ec post tonight. Holy mackeral…
_______
Pretty scary, eh?
Wood — as of my posting my blog, Blodgett took his follow up article (with his stupid opinion) down!
I don’t know if I’ve ever seen that before on BI. Guess he got some calls from people who actually know what the fuck they are talking about?
____________
Wood
What ever happened to your RSI 2 system? I notice you seem focused on the ROC method these days.
By the way, over at StockCharts.com I can’t get the ROC 252 and ROC 5 to cross so they have some sort of different formulas I guess. However, just eyeballing the ROC 3 chart on SPY it seems one could design some trades using extreme readings both above and below the zero line.