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.
A simple interpretation is that
S&P 60 Minut 233 cci
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