Friday, August 28, 2009

"Short Term Profit Opportunities"

Using RSI and CCI Indicators as Lead Indicators can Trigger Profit Possibilities
2 Day, 10 min. - Aug. 27 - Watching the RSI and CCI a "Lead" Indicators can signal reversals in price action. Take note of the Gold Spots and how they line up with each other.
10 Day, 30 min. - Aug. 27 - Range Bound Channel for the last 5 sessions. Breakout could occur with significant momentum. Long Term Trend has been Bullish but market is also very overbought and subject to corrections that may occur without warning.
3 Month, Daily - Aug. 27 - Bullish Trend is obvious. Note the Gold Spot line ups of RSI and Price Reversals on this 3 Month Chart.
1 Year, Weekly - Aug. 27 - Bull Channel dominates the Visual picture of market action. Note Gold Spot line ups of RSI and Price Reversals on this Yearly chart. The point is that this Lead Indicator set on a Period of "2" can be an important tool in the traders toolbox.