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Strategies & Market Trends : today's chart

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To: F Robert Simms who wrote (448)8/19/1997 11:00:00 PM
From: Bill Sandusky   of 1267
 
Bob,

Think of CCI as a "momentum" indiator of sorts. The fact that CCI is at 244.23 (technically overbought) merely attests to the strength of the current move. This strength is supported by unusually heavy volume (much higher than average over past three days). Note that although CCI has begun to slow, it has not yet reversed, so there is NO SELL ALERT at this time. A reversal in CCI will be the first indication of "slowing" momentum. Any CCI Sell Alert MUST be "confirmed" by MACD(5,35,4) before a valid SELL signal is given.

Hope this helps,
Bill
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