3SOF

No prob Eatinfolikefish! there are tons of resources out there, guess  we just stumble on them when the planets line up

The RSI (2) can be a helpful tool in trading, you can read more on it at.... http://biz.yahoo.com/tm/070110/15309.html

One method I stumbled on in the web and I'm using it to trade is as below. Remember nothing is certain in all the tech analysis methods, were just trying to improve our odds

The setup
Tools:  Go to http://www.prophet.net/ then -> Analyze; -> Java charts (free  )

1.   Detach chart and maximize it.
2.   In options, check only the Color Bars
3.   At the top, click on tools, -> studies, -> apply studies
4.   Using the pull down menu on select studies and click on RSI, Wilder
5.   Change the bar period to 2 and -> click ADD
6.   Again using the  pull down menu select Lin.Regr Ch,100% and click on ADD
7.   Again using the  pull down menu select Lin.Regr Ch,50% and click on ADD (this one mainly just breaks the empty space I rarely use it)
8.   Now click on SAVE at the top (if you have an account ... which is free you can save this setting) save it using your preferred name, click on OK and click close... and you have saved your parameters.
9.   Enter a symbol
10.   Using the pull down menu pick candle, next select 3 months, and in the last one select D for daily

Next how do I trade from this??

If the RSI(2) line is at the bottom, check the previous 2-3 lows for the stock and if the current RSI is lower than at least one of them, I would seriously consider buying the stock. If it is at its lowest.. I JUMP IN!

On the top chart if you see the price bar near, on or through the lower Linear Regression line (100% line).... I would seriously consider buying the stock especially if RSI(2) is LOW.

When to sell ... your call, the chart should tell you. If the price is near the upper linear regression line or RSI is peaking at 99%.. SELL...

If I'm looking for a possible short I'll do the opposite: The price should be near the top end of the regression and the RSI (2) peaking above around 99%

How can we screen the entire market for those that are set up for this??

Go to http://www.tickertuner.com then -> bullish regression -> enter price range and minimum volume. If I'm only interested with stocks with a rising trend I'll use the 3 month regression dropdown to indicate an upward trend. (free  )

For a possible short go to http://www.tickertuner.com then -> bearish regression ->... etc

Remember some do fail the test and I always check the recent news, message boards etc for possible skeletons that could spook the trend.

Next topic Will be on MACD and the Full Stochastics. I keep it simple; the triangles are just not for me.

Warren Buffet on gold ... "It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

I've never used the ASI but my favorite scans utilize the macd, full stoch, SPX ratio, OBV ma(20), and the linear regression bounces on 3 and 6 months...  http://www.tickertuner.com/lineareg/pricespx.aspx