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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Susan G who wrote (62322)9/21/1999 2:11:00 PM
From: Jenna  Read Replies (3) of 120523
 
Susan, take a look at GOTO's 5-10 min chart and where the ADX closed yesterday and it was frantically waving on Friday while the stock was only in a consolidation. Then look at it now even though the stock is still up. Perfect example of the ADX letting you know the stock was still very viable trade with a lot of momentum..and now its fizzling even while the stock is still 80% of its day high. Of course this is classic.. you should see a chart I had yesterday on SYMC.. the stock was dropping and the ADX was rising.
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