Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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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 (62600)	9/22/1999 3:29:00 PM
From: Jenna	Read Replies (1) of 120523

That's why I don't use DX any longer, although sometimes I get lazy and just leave them. You can see examples where the ADX was exploding while the stock was moving down, yet in virtually 15-30 minutes or so the stock picks up and pops. But all this is in the intraday charts. The ADX and directional don't trigger that much on the long term chart (which is why I like them).. If you note on this weeek's newsletter there are two stocks there where the DMI called a buy signal and the last one was 3 months ago. Its a powerful indicator. I also like aroon but that's another story. As I said, the indicator is important but if you have a 'dud' stock no indicator will make any difference.

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