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Strategies & Market Trends : NetCurrents NTCS

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To: TraderAlan who wrote (577)	10/12/2000 9:33:10 PM
From: CharlieChina	Read Replies (1) of 8925

Whats interesting is that the Directional Movement Indicator is reading 46.13 using (13,13) on the NASDAQ Daily ... over the past 6 months a reading of 60 ususally signifies the end of a trend ... hence, ... the increments are rising 2 points each passing day ... therefore, ... 60-46 = 14 .... 14/2(increments) = we might have another 7 days on the downside to go ... thats puts us at Monday, October 23, 2000 ... that would be a nice Black Monday to flush the toilet for the short-term at least as you know ... indictors are just guides ... and should be used with caution ... just an observation ...

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