AI
Wednesday, April 26, 2006 12:16:29 PM
"Gathering Support" and the CCI...
Add this trading technique to your "bag of tricks". It will put the odds of a successful trade even more in your favor...
When the price of stock falls to an area of "Gathering Support" (Buy Trigger), it is time to venture a purchase.
When the price of a stock falls to an area of "Gathering Support" and the CCI on the 5-Minute Chart falls to an extreme reading (between -250 and -300)...
then it is the closest thing to a "no brainer" purchase that the market provides.
It happened to BRCM this morning. Here is the 5-Minute Chart with the CCI attached. It shows the two ingredients of a successful scalp trade:
Add this trading technique to your "bag of tricks". It will put the odds of a successful trade even more in your favor...
When the price of stock falls to an area of "Gathering Support" (Buy Trigger), it is time to venture a purchase.
When the price of a stock falls to an area of "Gathering Support" and the CCI on the 5-Minute Chart falls to an extreme reading (between -250 and -300)...
then it is the closest thing to a "no brainer" purchase that the market provides.
It happened to BRCM this morning. Here is the 5-Minute Chart with the CCI attached. It shows the two ingredients of a successful scalp trade:
Buy at Support
Sell at Resistance
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