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Strategies & Market Trends : today's chart

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To: Bill Sandusky who wrote (415)8/14/1997 8:43:00 PM
From: TechTrader42   of 1267
 
It's interesting to see how your indicators work together with ABF. The Chaikin Oscillator was starting to show signs of divergence at the same time that CCI turned down. So was the Ultimate Oscillator.

You can see the same story in MU's chart. CCI and the Ultimate Oscillator started to turn down around Aug. 5. It would have been a good idea to heed them, too.

One thing about CCI, though, is that it turns down a lot. But if Average Price 1 is high, and CCI turns down, it's usually a bad sign. Average Price 1 does a really good job of signaling reversals. So you can not only confirm CCI's movements with MACD, but with Average Price 1. When AvgPrice 1 gets in on the act, watch out.

Yes, I think you've found some nice leading indicators.
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