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gloe

02/02/07 11:55 AM

#38920 RE: Nocona #38918

:) How do you like this yukky chop today!!
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gloe

02/02/07 12:15 PM

#38923 RE: Nocona #38918

Nocona -- here's a good example for you that illustrates everything we have been talking about. Here's the CCI in extreme extremes. Price is above the 34 ema, but still made a good short on the confirmation from Gloe's 3xPB indicator! LOL. See the LSMA and the price are stretched way above the 34 ema (this is the RUT cash chart as my ER chart is missing some price bars around that time from yesterday.)

Then see how the LSMA comes down and then curls up from below the 34 ema (the RED MA on my chart) and then follows the price back up. See where the price tested the 34 ema a few times and bounced off of it.

What is the NERS CCI doing all this time? It broke below the +300 and even the +200 to give a good little short (which I had to miss as I had no futures prices). Edit: I see that this is not true, the CCI did break below the 100 then back up, but many times it doesn't. "But the CCI never broke below the 100 and then back again to give you a signal to get long." So anyone who ignores what the price is doing is going to stay short!! Not a good idea in my book. As the 34 ema held as support, the price just took off up.