The QQQQ RSI (5) Hourly signaled a short just prior to the close of trading on Friday, 9/16/05. The QQQQ's kept rallying up the last hour of the market most likely due to "Options Ex".
Rules for Nocona's "QQQQ/RSU 5 Hourly"
- When the RSI 5 closes an hourly bar below 25...buy QQQQ
- When the RSI 5 closes an hourly bar above 70...sell QQQQ
- When the RSI 5 closes an hourly bar above 74...short QQQQ
- When the RSI 5 closes an hourly bar below 30...cover QQQQ
Trades on the hourly and the first hour is 9:30-10:00am EST.
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