13 replies to this topic

[da_cheif]

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


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

based upon ew analysis....clorox ended its decline with 5 waves down.....thats why its goin up and not "crashing"....its goin green.....

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...

offsets offsets...u forget the offsets.....and of course...rsi....n ...hourly model....n, ew analysis.....n sentiment.....n fibonacci........n alotta udder ********......cant build a house with justa hammer......

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

u hava pm

[prman]

I get it, now. It's the stuff da cheif uses on his hair ! (gr)

[Russ]

There is one obvious differerence between last summer's low and now, on last summer's rally off of the low the Green(CLXPP) was BELOW Red(CLX), now Red(CLX) is BELOW Green(CLXPP).

[arbman]

Cheif, I am also getting the similar pictures in my volume tools, the supports also widely held in my Hi/Lo indicator. The Internals are also turning.

But the intermediate term direction says there will be a revisit of these prices, if not lower in the future...

Here are some broad market measures...

- kisa