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gloe

02/02/07 11:48 AM

#38917 RE: Nocona #38914

I tend to agree with you. There is something very special about the 100 lines especially, on the CCI. The only thing I have ever cautioned about, is to watch to make sure than the price does indeed break the 34 ema, and not use it as support (or resistnce) and then go way against your trade.

Remember all those days that the CCI was in extreme extremes, and NERS called for a short/long, and the price just would not cooperate? On those days, in a very strong market up or down, the price will usually at some point chop around and then break back against the NERS trade from near the 34 ema. (In other words, use the 34 ema as support or resistance and fail to break it.)

All those times we got "whips" right near the 100 lines, were usually because the price tested the 34 ema and would not break it. As long as the CCI goes back on the other side of the 100 line, it is OK, we take the little loss and get back in the direction of the NERS CCI. But many times the CCI will not break back on the 100 line to get us back into the right direction with the price.

I will find a chart.