Bottom (and Top) Pickers, Unite! Message Board

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Strategies & Market Trends : Bottom (and Top) Pickers, Unite!

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To: Paul Viapiano who wrote (193)	1/30/2001 2:01:09 PM
From: Teresa Lo	of 214

"...ADX and what you look for?..." Note specifically, but here are some examples: ispeculator.com In general, a rising ADX confirms a fast, directional move. A dropping ADX confirms a trading range, a consolidation or a grinding, non-directional move. The best way to see ADX in action is to read up on the formula, and know what makes it go up and down. From there, you can make it work for you. I teach the use of ADX extensively in my Master Class, but unless a person has looked at the formula and understand it in its proper context, it will always be a mystery. The best book to read is the one by Chuck LeBeau: amazon.com Also, Chuck has some excellent material at his web site:http://traderclub.com/discus/messages/18/48.html?ThursdayJanuary1820011017am Teresa

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