13 replies to this topic

[da_cheif]

thank you for those pm.s

the march 5th closing low and the use of the clx put the lie to any subsequent action of the indexes

on ww this from Joanne one of the more advanced clx students

http://homepage.mac....2231/315mas.gif

>The neat things about charting is that the in the ongoing process....a new observation will occasionally pop into awareness....just like a 4 leaf clover.

In looking at this chart during the steady rise from last July...once the CLX average of MAs moved above the PP average of MAs very early in the move....the CLX avgs. never dropped below the PP avgs. until the day before the huge selloff of Feb 27. On only one occasion in early January did it cross and drop even with the PP.......but never lower. The CLX MAs flawlessly led the entire move up.

Now that may be a function of the trending nature of the move....and it would likely behave differently in a trading range......but I plan soon to go back and review earlier action to see if that was the case.
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[traderpaul]

My obesrvation on that chart is the CLX picked the bottom very well. Top picking didn't work until Nov and Dec last year.....Now the CLX is picking both the top and bottoms.....According to the chart we have more downward pressure coming.....Sorry Chief.....

[da_cheif]

>According to the chart we have more downward pressure coming< so ur a clx expert eh.......

[traderpaul]

>According to the chart we have more downward pressure coming<

so ur a clx expert eh.......

Chief, There are times a 5 years old will see things we take for granted.....Just an obsrevation.....Only the marklet will know for sure.....Good trading Chief.....

[Data]

My obesrvation on that chart is the CLX picked the bottom very well. Top picking didn't work until Nov and Dec last year.....Now the CLX is picking both the top and bottoms.....According to the chart we have more downward pressure coming.....Sorry Chief.....

Looks like the same behavior as exhibited by the Dow's MACD and MACD histogram.

[Rogerdodger]

I'm no CLX expert but it looks like resistance at 63.


http://stockcharts.c...4129&r=1048.png

[prman]

What is the CLX, anyway, and how is it computed?

[da_cheif]

My obesrvation on that chart is the CLX picked the bottom very well. Top picking didn't work until Nov and Dec last year.....Now the CLX is picking both the top and bottoms.....According to the chart we have more downward pressure coming.....Sorry Chief.....

Looks like the same behavior as exhibited by the Dow's MACD and MACD histogram.

since the clx is based soley on volume....and volume precedes price......looking at the offsets of the clx ma.s can usually peg a turn well in advance.......clx numbers are taken at the close of every day.....macd and histogram are a statement of history......clx gives u a look at the future......and of course gives those who use it more confidence.......knowledge of the future is something we all wish for......i have found that clx analysis over the last 30 years gave me a peak at it......otherwise it would have been nothing more than a 50 50 guessing game........all of course imho based upon 30 years of working with it.......

[Echo]

I note that the CLX ma is still below the PP ma... The "all clear" signal has not been given.

[Data]

My obesrvation on that chart is the CLX picked the bottom very well. Top picking didn't work until Nov and Dec last year.....Now the CLX is picking both the top and bottoms.....According to the chart we have more downward pressure coming.....Sorry Chief.....

Looks like the same behavior as exhibited by the Dow's MACD and MACD histogram.

since the clx is based soley on volume....and volume precedes price......looking at the offsets of the clx ma.s can usually peg a turn well in advance.......clx numbers are taken at the close of every day.....macd and histogram are a statement of history......clx gives u a look at the future......and of course gives those who use it more confidence.......knowledge of the future is something we all wish for......i have found that clx analysis over the last 30 years gave me a peak at it......otherwise it would have been nothing more than a 50 50 guessing game........all of course imho based upon 30 years of working with it.......

Since you apply moving averages to smooth the data, you've introduced lag to your
theoretically leading indicator. On the plot, it behaves like a confirming indicator which
is not a bad thing...