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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (49856)	1/26/2022 12:51:24 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Respond to of 97962

3607.55 = $SOX 2-hour 34-period SMA current value, which is the possible upward price target Moving Average if and only if the 2-hour CCI-20 remains above its zero line ( now at positive 21.91 value & only briefly above its zero line ) $SOX 3512.63 = HOD, so far =========================================================================== $SOX fyi - identifying future price levels of interest can benefit from: Glen's CCI and Moving Avg price targeting program: " For this system, I use the 10EMA, 20SMA, 34SMA,50SMA,100SMA, 140SMA and the 200SMA. I use CCI 10,20,34,60, 100 and 272.. The system hit targets more often when going with the trend... The targets are for the MA's at the time they are called and the actual target price when hit may be slightly different depending on how long it takes and how steep the MA's are moving.. Each time frame update will also change the value of the MA. So here is the way it works in a downtrend ..Starting from a top... This works in ALL time frames from the 1 min to the monthly.. When CCI10 drops back below +100 price moves to the 10EMA When CCI10 crosses below zero price moves to the 20MA When CCI20 crosses zero price moves to the 34MA When CCI34 moves below zero price moves to the 50MA When CCI60 crosses zero price moves to the 100MA When CCI100 crosses zero price moves to the 140MA When CCI100 crosses below -100 price moves to the 200MA. When CCI272 crosses zero price goes to the 320MA. when price gets above all the MA's I use then you move to the next longest timeframe for targets and signals Then you just start the system in reverse when CCI10 moves back above -100.. * After price gets above all the MA's on every time frame then you can not call any more up targets. (Monthly Chart is the longest).... You have to wait for CCI10 to drop back below +100 for a down signal on any time frame. Use same instructions in reverse for opposite direction market movements * In strong market moves, countertrend moves will be difficult to hit "