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Re: Torqputty post# 25592

Thursday, 03/16/2006 8:30:51 PM

Thursday, March 16, 2006 8:30:51 PM

Post# of 79025
the Q's have been very narrow and choppy. CCI as I use it does not work well in such chop. In that kind of chop the RSI methods work best (the VTO end of day and the Nocona/Chico hourly)

There is no sell signal yet on the SPX, but the cross of the 6 CCI into the 20 CCI is a warning of a change in momentum, at least, and is appropriate to take partial profits there. Also, notice the 20 CCI is above the +200 - this is very overbought and is rare on a daily chart. So another warning. I don't have any SPX derivatives now, but if I did I would be 50% out now, if not 2/3.

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