TRADING 04 FUTURES

[QuillandPenn]

Jaws,
Q2..Freestocks weekly chart shows the end of the week, while Stockcharts show the beginning of the week.

Q3..TNA is above the trend line (50ema), TZA is far below the (50ema). I use the CCI as a guide and flow. note TNA is trying to break the Zero. If it breaks above the zero line the stock tends to rise and head north to the 100 line. Stocks will always rise when going above the Zero line and the stocks that start to sink below the zero line head south towards the Oversold (-100).

Now, when Monday morning comes usually the crowd make all kinds of trades within the first 20 minutes. What ever colored bar appears we go with the flow. Then we watch the closing side on the current bar. The chart is live and if the current closing bar is below the previous bar, the bar would most likely show up red. If the closing bar rises above the previous bar, the stock will mostly likely turn green.

Some traders don't have real time service and rely on the 20 minute or more delay chart. Hence 10 am is the time to make the decision of go or not to go. Bets are off if there is a nice gap up or gap down. The opening side of the bar makes no difference.

There is alot to think about in a blink of an eye.

CCI cheat sheet....http://www.onlinetradingconcepts.com/TechnicalAnalysis/CommodityChannelIndex.html

Like to place these chart side by side
http://stockcharts.com/h-sc/ui?s=TNA&p=W&yr=0&mn=8&dy=0&id=p22220671395
http://stockcharts.com/h-sc/ui?s=TZA&p=W&yr=0&mn=8&dy=0&id=p30452311095