Posted by jcomptonod on 7th of Oct 2009 at 07:44 am
A simple interpretation is that the Aroon is showing us the
downtrend from 1080 to now. Now the important thing will be
does the down part of the aroon stay up at high levels or does it
cross back down as an uptrend begins. Also, keep in mind a
standard aroon setting is around 25 so this one is slowed down
quite a lot and will therefore lag the price action.
S&P 60 Minut 233 cci
Posted by moh007ed on 7th of Oct 2009 at 06:47 am
Any idea why aroon jumpet to 85 today . Like in Jun 24th , as the market went up until july 1st ?
A simple interpretation is that
Posted by jcomptonod on 7th of Oct 2009 at 07:44 am
A simple interpretation is that the Aroon is showing us the downtrend from 1080 to now. Now the important thing will be does the down part of the aroon stay up at high levels or does it cross back down as an uptrend begins. Also, keep in mind a standard aroon setting is around 25 so this one is slowed down quite a lot and will therefore lag the price action.
FWIW
Posted by hillsyde on 7th of Oct 2009 at 08:16 am
It looks like, if the CCI 233 doesn't go back above 100 real soon..... Look out below