Well, kharma is a funny thing. Today, Wenesday, 3-24-04 I'm in Woodies room and all the 500+ traders in Woodies CCI room are getting slaughtered in the chop --- certainly the moderator. Seems, CCI oscillator cannot "lead" as claimed, at least in choppy markets. Of course, Woodie likes to parlay the CCI as "the answer to all". Of course, I know what to use to trade it (NOT CCI) and I'm profitable this am. CCI traders have to sit on their hands during choppy markets, or else be tempted to jump in and get burned (as they have this am). During trending markets CCI is useful, but so are a lot of other techniques.