Friday, August 16, 2013

Woodies' CCI Signal



A picture perfect 'Slingshot'
The 14 period Turbo CCI  (TCCI) climbed all the way up over the 150 level, while
the 6 period CCI was rejected at the zero line.

...Then the CCI trendline was broken

...Add that to the fact that price had breached the 34 period EMA (Cyan Exponential Moving Average) and Woodies' LSMA (Least Square's Moving Average [Linear Regression]) was forming an apex with the 34 EMA from underneath...

And you have Pretty easy money.

This is an 8 Tick Rangebar chart.