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Strategies & Market Trends : Aardvark Adventures
DAVE 243.68+3.9%Nov 5 3:59 PM EST
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To: ~digs who wrote (7740)2/2/2011 5:58:59 PM
From: Kevin Shea  Read Replies (1) of 7944
 
Fun with ADX XOs.... REE 60 min at 13.5... I would hold into tomorrow and look for XO on the top.... The set up in the 60 would be considered excellent, and still retains the 6-8 tick advance. What I have been looking at recently is when the DMI stays positive, the ADX falls then turns up and crosses again. It seems that price move sideways, then follows the ADX up after the second XO ( but I need more data)

A projection would suggest a midday XO and potential ST top.
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