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Pastimes : The Philosophical Porch

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To: westpacific who wrote (5376)	2/10/2010 7:29:50 AM
From: westpacific	of 26251

Should have added; all three indexes are now below the Cloud...first time off the March LOWS! Cloud charts are very good; as few follow them. West Ichimoku Cloud A multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths. General theory behind this indicator states that if price action is above the cloud, the overall trend is bullish, and if below the cloud, the overall trend is bearish. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead giving a bearish signal.

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