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Replies to #7077 on The TradingEdge
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rimshot

12/08/10 2:15 PM

#7079 RE: blacktruck #7077

yes, along with this 1-minute SPX cash marked up with a focus on Tuesday's and today's price action:

XLF above the main chart body

again and this is the final explanation unless someone asks me on a weekend....the CCI's selected at the bottom of this chart are for the purpose of monitoring the strength of "counter-trend" CCI directional moves on an intraday basis (used when intraday trading)

http://stockcharts.com/h-sc/ui?s=$SPX&p=1&yr=0&mn=0&dy=4&id=p81615510297&a=216662210

I have experimented with many other CCI settings, and these are two I use which are set to minimize whipsaw, ...CAUTION : The CCI settings are selected by me for use ONCE in the trade...I use other
settings and data to choose trade timing for entry