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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: magicslr who wrote (12512)	9/1/2000 12:27:56 PM
From: charlie mcgeehan	Read Replies (1) \| Respond to of 49816

hi magic first of all let me say that many indicators are subjective(the user uses them based on their own interpretations). i use the cci much as i use stochastics. a stock may be in an overbought position (over 80.00) but is not usually shortable (to me) until it drops below that number. on the cci when a stock is above +100 i won't short it until it drops below +100. bollinger bands are also similar. when a stock breaks above the top band it often will continue to rise. whenit breaks back thru it often will continue down to the next or lower band. (when it breaks back thru i will short it. all these indicators are similar in that way. i use them the same way i would a doji star. when i trade i look for a reversal in movement. personally i seldom trade continuation patterns however you may want to go long when a stock trades above +100 and exit when it drops below +100. i think it is simply a matter of finding what suits your investment or trading style the best and continue to use it as long as it works for you. i hope this is not too wordy and easy to understand. i am interested in how you use the cci. ian once said that he wished there were more technical discussions here. i agree with him. i much prefer seeing why someone traded ABC a certain way. the limitation of course is time during the day. last night there was a nice discussion and sharing of ideas on market direction, i wish we had more of that. i think we all learn more and if someone is not interested we of course focus on trading during the day charlie