Replies to post #5924 on CHARTS_CCI_SYSTEM

[RCKS]

northam
The morning played out much as you predicted, we got a 1hr Phase I and may end up with just a 2 hr Phase II currently.
I think we close green today but not a higher high then yesterday.

[northam43]

Here is the SPX Weekly Chart, comparing the Weekly Phase 1 of 3/14/2011, with the current Weekly Phase 1:



Here is the SPX Daily chart of the March 2011 period.



Here is the current Daily chart. Notice it is almost identical to the Daily during the March 2011 Weekly Phase 1 period.



Bottom line: The follow on Weekly Phase 2 lasted 9 weeks and went to new 52 week highs

[northam43]

I added SPXL at 42.05