CHARTS_CCI_SYSTEM

[rimshot]

my simple version of Glen's Monthly SPX chart:

notice as of the October 26, 2012 close..the monthly CCI-10 and CCI-60 remain above the +100 level

notice the monthly RSI-14 and RSI-5 are now hovering just above the 60 level .. a confirmed bullish RSI configuration until the 60 level is downside violated ...
yes, I see the RSI lower highs have been negative divergent vs. the price action during 2011 through October 26, 2012

*** bears need to be vigilant here, when I consider all the chart elements visible in this chart



Glen's CCI and Moving Average system explained - in his own words at Investors Hub:

For this system, Glen uses:

1. Moving averages of price - the 10EMA, 20SMA, 34SMA,50SMA,100SMA, 140SMA and the 200SMA


2. CCI settings - CCI - 10, 20, 34, 60 and 100.

items 1 and 2 above are applied to 30min, 60min, daily, weekly and monthly charts

The system hit targets more often when going with the trend...
The targets are for the MA's at the time they are called and the actual target price when hit may be slightly different depending on how long it takes and how steep the MA's are moving..Each time frame update will also change the value of the MA.
So here is the way it works..Starting from a top...This works in ALL timeframes from the 1 min to the monthly..
When CCI10 drops back below +100 price moves to the 10EMA
When CCI10 crosses below zero price moves to the 20MA
When CCI20 crosses zero price moves to the 34MA
When CCI34 moves below zero price moves to the 50MA
When CCI60 crosses zero price moves to the 100MA
When CCI100 crosses zero price moves to the 140MA
When CCI100 crosses below -100 price moves to the 200MA.

Then you just start the system in reverse when the CCI10 moves back above -100