Chemtura Corp (fka CHMT)

[hfields]

I'm here to help, like everyone else. Let's break this down for you....kinda charting 101...

I believe the chart you are looking at is the daily chart or one similar to it in the ibox sticky...if not here is one...

http://stockcharts.com/h-sc/ui

The daily on the above chart has an rsi above 70 - overbought or the "power zone" if you will...

I am using a five minute, intraday chart - meaning it is only charting today's moves on a five minute basis, hour by hour for today's trading only.

I use several indicators on this chart including the rsi...In addition, it is a live feed from one of my brokers - TD Ameritrade...The charting software I use for it is quotetracker, which is free off of the internet. Do a google search, and download it. It is an excellent program, and it's FREE! And don't worry, it won't give your pc spyware. It's actually recommended by TD Ameritrade. That's how I found it.

I like free because then I can buy more stock! lol

You create watchlists, streaming quotes of watchlists, and charts with your specifications.

If I can figure out how to take a screenshot of it and post it on IHUB, I will, but I'm not very good at posting images on this site quite yet.

I hope this helps or at least clarifies the type of chart I am watching on an intraday basis...It is good for watching intraday trends and finding places to enter based on fibonacci retracements...My charts have daily fib retracements built into them as well...and based on my daily chart, we have a fib at $1.02, so hopefully that will hold at close of day.