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Wednesday, October 13, 2004


Have to get to bed here, but didn't want to forget to get this new Woodie chart up (for future reference). He mentioned late in the day that he was going to show some new chart feature thingy that he came up with -- for EXPERIENCED cci users ONLY, and this is it. As Woodie explained it, it's the cci zero line as the center band and the outer bands are fibonacci retracements. At first blush.it does'nt look much different from other moving average envelopes or bollinger bands or keltner bands that one can mess around with and get similar price action at the top, middle & bottom, but Woodie says this is something that can help people stay in trades longer. He's not releasing it yet, and I guess he'll treat it like his other new things, either introducing it fully at the next trade-a-long (which is in a week or two, I believe, in Florida) or he'll beta-test it with his select inner circle first.

Woodie also mentioned something very interesting: he's also developed a better CCI which gives better signals than the, um, stuff the rest of us are using. I guess this is how Woodie stays ahead of the sheeple. Shit, I don't blame him for it. Wonder if he'll share this new CCI with the commonfolk anytime soon?

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