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Think its possible you're not the one with the open mind Signo?
I'm not understanding why one has to use CCI. Its psychological support, its holding your hand and telling you its ok to go in the water Junior.
CCI measures price in proximity to recent highs/lows and change in average pricing/momentum.
A simple moving average can do that along with believing your eyes that recent highs/lows actually took place. You don't even need the average. Just eyeball the Open marks of price and see how the close is behaving (slow, agressive, moving up past the recent opens, below the recent opens etc.)
I can look at a price chart with nothing on it and instantly see that its been near highs and is losing momentum in under five seconds.
You don't need a float to hold your hand, you dont need cci to hold your hand, all you need is common sense and recognition. If you want to be a pompous ass with no open mind accusing people of being negative because they point out some realities thats a problem, not a solution.
My intent was to toss out the idea that all this spaghetti is based on price you can read anyway, with the intent to possibly help a few people improve their perception just a notch.
Fine, attack me like the negative creep you are.
Last edited by 006; 09-04-2006 at 06:48 PM.
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