Hi Shaw. Doesn't it seem like nothing's easy, these days.
RIM's down $4. today. That's gotta make you happy.
stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]
I haven't traded RIM yet, but I've been following it day to day because I'm thinking of day trading it.
I am using a very simple approach to the ADX.
I'm sure both Peter and Bob have read more on the subject than I have.
For me, ADX rising suggests a Trending period and I watch the MACD for signals in Trending periods.
ADX flat or falling suggests a Non-trending period and I watch Stochastic for signals.
Based on that, I don't know WTH this current chart means.
There was a nice Stochastic buy signal just after the 14th.
Then ADX starting rising, and so was MACD, which was bullish, but at least for today, the ADX seems to be falling again so the Stochastic should be watched, and it's looking good for anyone short.
Charts like this are making me nervous.
Like the Descartes examples I posted a few days ago,
this chart is changing in ways that don't seem predictable to me.
Good luck with it. I hope you make out like a bandit.
Cush |
