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Post# of 79025
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farooq

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farooq

Re: 2X-Be-Me post# 36232

Monday, 11/13/2006 3:44:54 PM

Monday, November 13, 2006 3:44:54 PM

Post# of 79025
Great observation.
2 things here market participant are distributing or they are consolidating. I think they are distributing but it does not matter with this system.
I think with CCI based system you still take necessary money management skills to improve your odds. If you are short then 10 cents stop is adequate so is if you are long.
Dropping below 43.25 will verify down ward short-term direction (1 - 3 days).
This system does not care much for long-term trend if you are using shorter time frame data.
It is good to know when change of direction is near, market becomes choppy so will this system, it is still a trend following system which shows on extreme trend can change for short term. JMHOP.

Farooq

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

http://investorshub.advfn.com/boards/board.asp?board_id=4514

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