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Strategies & Market Trends : Trading From Main Street.

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To: Brandon who wrote (2)	5/8/2001 7:41:17 PM
From: Brandon	Read Replies (1) of 226

The Average Directional Movement Index (ADX) is an indicator which was developed by Welles Wilder. It is a calculation based upon positive directional movement (+dma) and minus directional movement index (-dma). The ADX is used to measure how strong a trend is, regardless of if this trend is up or down. A high ADX measure reflects a strongly trending market and a low ADX reflects a non trending market. In general if you find a stock which meets the Pullback Buy Pattern or the Reversal Short Setup set up criteria's and has an ADX above 35 you have a set up with great potential for large 3 to 5 day gains. This is especially true if you see some of the other combinations I have already mentioned are in place. Brandon teachmetotrade.com

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