No. of Recommendations: 8
If you read the academic and practitioner literature for decades now they confirm that short term momentum reversal is consistent, universal across asset classes, capturable, persistent. You can take screens people use here at at final steps based on rrs, rsi, tr(1,5), connorsrsi or other screening criteria on the universe of your choice and see it yourself: many screens, even with the spreads paid weekly, more than justify weekly trading. I am now up 120% in MU in 4 months as a result.
It isn't "chance" when you can test back to 1985 to verify the result. Zacks universe, WER, Nasdaq100. Take your pick as your universe.
I was serious that this board and this technique let me trade lawyering 28 years ago for working fewer hours per week with this method. It won't eliminate crashes mostly but good years more than make for it, like last year. Thanks to Robbie you can run tests of your choice, and if you use online universes/screeners you can find picks on your own since I assume he will get tired some day.
The sources of info are not always in agreement, e.g. I ran one on the Nasdaq100 1 week ago and some online sources had not yet added the latest addition to the index.
