Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who wrote (546)	2/12/2001 5:51:19 PM
From: Davy Crockett	Read Replies (1) of 5144

Hi Cush, If I understand the ADX correctly, we are in a market where you are are probably better to focus on the Stochastic signals (as an oscillator) rather than the Macd. According to ADX theory, whenever the black (bold) line, (the ADX) is below 20, it indicates a trendless market, where oscillators are better deployed... above 20 & trending North --- trending indicators such as Macd. I hope I have interpreted that correctly... for more information you may want to check out ADX in Stockcharts, stockcharts.com ATY 1 yr chart stockcharts.com[w,a]dacayymy[dd][pc5!c21!c50!c200!h.02,.20!f][vc60][iUl14!Lc20!La12,26,9!Lh14,3!Lb14] Dr. Elder in his book "Trading for a Living" has an excellent chapter on ADX. pg 135 - 142. Regards, Peter

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