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Strategies & Market Trends : today's chart

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To: The Perfect Hedge who wrote (374)8/12/1997 12:39:00 PM
From: Bill Sandusky   of 1267
 
CKR... 60-minute charts

GD, thought you might like seeing these two 60-minute charts of CKR. The first was snapped following yesterdays close and hinted at a possible short-term buy (CCI Buy Alert and Chaikin Oscillator beginning to turn up). The second chart was snapped about 12:15 PM today with CKR up +.750. Have made comments on the charts to help understanding.

BNS Notes: Have "inverted" TradeStation's Chaikin Oscillator for easier interpretation of the information it portrays. This will greatly enhance divergence analysis using this indicator. Basically, positive volume is moving into a stock when the indicator is moving up (good) and out of the stock when it is moving down (bad). This obviously is an over simplification. Suggest you check appropriate TA sources for a more complete explanation.

mindspring.com
mindspring.com

Good trading,
Bill

P.S. Thanks to Brooke for bringing the problem of interpretation of the Chaikin Indicator (inverted indicator) to my attention.
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