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Strategies & Market Trends : NetCurrents NTCS

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To: Michael Watkins who wrote (6658)	3/29/2001 1:51:47 AM
From: milesofstyles	Read Replies (1) of 8925

mike if you get a chance could you comment on the ndx chart from the period january 00 to april 00 in regards to adx? with the last peak in january being an extended buying peak, i'm surprised not to see another peak somewhere near the tops, 1000 pts higher, adx just seemed to continually drift lower and i don't show another peak situation until april/may. i use other indicators to assist me, but i'm kinda stumped why the adx wouldn't have responded back up sometime between february and april. i understand the zig zagging of january would cause it to drop, ie no trend. seemingly a large move over those two months, did adx indicate it was too choppy? tia milesov

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