Sunday, April 14, 2013

Woodie's CCI: 5d & 15d ATR


Unfortunately, the Zero-Line-Break has officially occured on both five and fifteen day intervals. The five day, should we open anywhere near (or obviously below) Friday's close, will be trending down with some significant momentum. The Turbo CCI (TCCI) has already spiked to -200 as of Friday's close on the 5 day interval and has lost 60 period Simple Moving Average (60 SMA) as well as 110 period Exponential Moving Average (110 EMA) support. The CCI (14) has breached the -100 level on the fifteen day interval as of the close on Friday as well, but is temporarily reassuring with a hold of both 60SMA & 110EMA. The visual affect of the five day ATR is indeed very troubling, reminding this party of the dreaded walk down the plank.

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