Replies to post #6215 on ETF SWING & DAY TRADING

[POKERSAM]

kedew - It's about 2165. Look at it on a 3 month daily and ignore the wicks and tails when drawing the trend lines. You have the right idea. "IF" we hit the top downtrend line we should fall to the bottom of the channel. We are in a downtrend regardless. Don't fight the trend.
Spend some time at stockcharts and use annotate to draw channels and try each of the tools across the top. Retracements and a lot of other tools are there.
Feel free anytime to ask me a question. Someone here will try to help if I don't know the answer.

Goode Trades
POKERSAM

[GLENO34]

ked, Looks like 2170 is the top line?? Gleno
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[w,a]daclyiay[dc][pb5!c10!b20!b34!d20,2!b50!b20...

[GLENO34]

ked, Forgot to mention that CCI's are all above zero on the daily chart as denmo pointed out on my chart, but the thing is he doesn't relate the CCI's to the MA's..So when price is above all Ma's on the daily chart and CCI's are above zero, then you have to move to the next longer timeframe to see what that says..So you go to the Weekly charts and you will see that we are now at the 5MA on the weekly chart and CCI10 is still below zero which said we were headed for the weekly 20 MA which is at 2112. I said that a few day ago and we went there and lower...Now if CCI20 on the weekly chart were to drop below zero, you coud count on NASDAQ going to the 34MA which is at 2070 which I also said would happen a few days ago,, We could turn back down here,..I'm not going to guarantee we will, but CCI's do determin price as it relates to the position of the MA's I have done lots of testing of this theory and it does work except under conditions of strong market trends. Only God knows where we go from here..Well maybe Poker and smooth shot...Gleno