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Strategies & Market Trends : Aardvark Adventures

DAVE 235.29

+5.2%

Nov 7 9:30 AM EST

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To: ~digs who wrote (7511)	9/17/2010 1:05:59 PM
From: Kevin Shea	Read Replies (2) of 7944

Using 14 for default. The ADX should come up sharply.. say over 30 degrees... best if the DMI is also sharp. A sharp ADX with a flattish DMI is not so great. The ones that we are talking about have the sharp look. ADX is always from under 20 PAL look is good. DMI xo followed by the ADX xo at a nice angle. Currently 7 ticks out and it looks like the top ADX xo is about to happen... for a swing trade, this would be time to exit or at least very tight stop. If you don't need to call the top or just wish to make a "good" trade., then you should have exited yesterday (PAL) at 6 ticks.... the tick rule seems to only work on "good" angle looks. PAL weekly DMI xo just occurred... suggesting potential benefit for LT holders. One could be early tho.

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