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Strategies & Market Trends : Aardvark Adventures
DAVE 223.63-8.2%Nov 6 3:59 PM EST
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To: ACAN who wrote (7609)11/15/2010 10:38:05 AM
From: Kevin Shea  Read Replies (2) of 7944
 
The general observation is that when the rising ADX crosses the +DMI, the trend typically weakens in the short term. The price movement may slide sideways and perhaps create a flag, or drop. The xo is not the best place to enter. The interesting thing is that once you have determined the trend, the uncanny thing is that the moves are typically 6-8 days in length. So if you missed the low cross and still want to enter, you may have a reasonable risk for ST trade ( at leas the downside is protected)

Longer term(say next 21 days) - The price movement may consolidate for a while, and you might see the +DMI "pinch" the -DMI, which suggests that you look at all other signals and determine id you have a low risk entry.

However, there is nothing concrete, just a lot of observations.... and helps to avoid buy high/sell low.
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