Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (30032)	3/1/2003 1:52:33 PM
From: X Y Zebra	Read Replies (2) of 57110

in the chart you show here... stockcharts.com[r,a]waclyyay[d19900111,20030301][p][vc60][iub14!ll14][j8116207,y]&listNum=1 don't you think that for the extended move down you are projecting, the ADX line would first have to get to the 40 level ? I mean... adx is supposed to "announce a change in direction" so if we take it that it just turned up, and market has been coming down... this would say... " market wil go up some... (very short term)... then given the magnitude of descent you envision... I would assume that the adx would reach 40 and well past that... to then turn and with it the market start the serious descent you picture here.... also... as the market would be coming down... I would expect some sort of intermediate bounce at the levels of the "1 and 2" that you show on its ascend around 1996... or am I wet ?

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