Click on the chart to enlarge it.
Here's an example of the significance of an NMC Cross Kiss ZeroHit formation with the added bonus of the Pinch in the NMA moving average bands indicating that a big move is potentially setting up.
In an ideal world we'd like to find all the markets where we have a great timing and directional call and where we can expect prices to make an unusually large and swift move. This Ocean formation specifically identifies that set of market conditions!
In fact, the Ocean Advanced Software for the Genesis platform has more than 40 Criteria Searches already programmed in that allow you to scan all symbols in the Genesis universe (more than 10,000) looking for various types of high-quality Ocean formations!
Using pre-programmed Ocean functions you also have the flexibility to create your own Criteria Scans that can focus in on precisely the type of Ocean formations that you've found to be most effective for your personal trading style and risk tolerance.
Here we see a daily chart of Coca-Cola Enterprises where NMC is identifying a Cross Kiss ZeroHit formation, with NMC crossing zero (for the first time in over 3 months) and returning to zero from below (on July 19th) for one of our bread-and butter setup formations.
Additionally, prices have also broken below their Natural Moving Average (NMA) for the first time since late March and have returned to the NMA and Fast NMA from below, finding strong resistance.
Note also that NMS (bottom pane, in dark cyan) is below zero and below both its NMAs, with all of them sloping downward. These are all signs of bearish price behavior. This chart appears deceptively simple, yet contains most of the information necessary to anticipate the development of a substantial decline.
(This is the end of Part 1. Go to Part 2.)
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