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Strategies & Market Trends : Paint The Table

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To: Don Pueblo who wrote (6233)	12/13/2001 9:19:10 AM
From: John Pitera	Read Replies (2) of 23786

Hi TLC, those 3 indicators are measuring different things in the price action, the DM + and DM - (Directional Movement) measures, in the case of DM +, the difference between yesterday's high and today's high. Today's high has to be higher to add to the total. An inside Day ( today's high lower than yesterday's high would add 0) DM - would add to it's running total, if today's low is lower than yesterday's low. During the sell-off leading up to Sept 21 of this year, Many days had a low quite a bit lower than the previous day, thus we got a very large DM - number by 9-21-01. That makes sense as it was a hard sell-off. have you used the Wilder's ADX much? John

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