I am new here and am trying to understand the various strategies traders use.
Recently I came across the 2009 tipping competition for ASF and thought i would analyse at what stage you guys bought in and why.
I tried a number of different indicators on all those stocks at the approx buying position and found that two indicators really stood out.
Bollinger bands and RSI.
Nearly ALL buying in all stocks was done just after the BB tightened.
It has been commented that BB is "late" information, so what instigated buying at that point.
The RSI was a little better at preceding buys but no other indicator even came close to matching those two.