‘Sell in May and go away, come again on St. Leger’s Day’, or so the ancient wisdom goes. According to convention, investors do well by exiting the stock markets during the quiet summer months, only returning in mid-September.
Not satisfied with old wives’ tales here at FuturesTechs Towers, we decided to do a little bit of empirical research and …
We included the RSI and Parabolic SAR indicators in the new levels sheet available in our Members Area, so thought that it would be worthwhile to briefly introduce them to anyone who might not be familiar with how they worked or how to use them.
Fig 1: The New Levels Sheet. (Click to enlarge)
RSI (Relative Strength Index)
Neither, I suspect, is the answer to the above question, at least not as far as where we are at this very moment is concerned:
We have been bullish since early March, and have seen the market “climbing the wall of worry” as we predicted, with no-one quite believing the rally. We are not doing the “Harry Hindsight/told you so” …