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Pastimes : Ask da_cheif

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To: Chip McVickar who wrote (592)	3/18/2001 11:03:42 PM
From: da_cheif™	Read Replies (3) of 8150

there ya go......now to double check my daily fiigures for accuracy....I keep a daily log prepared every nite a list of all 30 main volume and volume per penny listing how much volume I need if any to get either an upside or downside breakout for each stock...a rather simple excercise in helping to keep things as accurate as possible...thus I end up with 2 CLX figures every day.....main volume CLX and volume per penny CLX.........now you keep two charts....first get graph paper ...I believe its 8 squares to the inch.... segment them with lines on both sides of zero in the middle the lines 5 squares apart.......each horizontal square is one day......take the main volume clx and plot a 3 day 10 day and 30 day moving average...make sure the 30 day is plotted at 20 per square the 10 day at 2 per square and the 3 day at 1 per 5 squares....once you get a picture of the moving averages.....you can look at the offsets to see how much life is left in the move.....aha but to get a turn the volume per penny clx must turn first....thus we plot a 3 day moving average of the net difference of the volume per penny and main volume CLX...when this 3 day MA of the difference gets to an extreme one way or another then you wait for the offsets to run out,the cycle picture to line up,the fibonacci targets to be hit, the sentiment to get into great shape...the elliot wave structure to get into a 5th wave and watever other tools you can find to help you be a GURU....the CLX is a great confidence builder.......when used in conjuction with all the other tools of the trade....ya cant build a house with justa hammer ya know......gg

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