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Biotech / Medical : Arena Pharmaceuticals (ARNA)
ARNA 99.990.0%Mar 15 5:00 PM EST
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To: Justinfo who wrote (1887)11/3/2013 4:56:39 PM
From: wolfgangrene  Read Replies (1) of 2274
 
Justin,
if you look at either of those charts I posted, you see the indicator lines on top. See how as the MACD or PPO ( either one works) has dropped and the ADX has risen. They appear to be pinching together. When the ADX has risen above 50, you watch the chart for those indicator lines to start turning away from each other. The ADX turning down is most critical. When they are moving away from each other, the price will be rising.
Look at the JCP chart to see how it worked and where I bought. (Vertical line).
Look at the NUAN chart for a stock I'm waiting to buy.
If those chart have a white background and the MACD or PPO and ADX indicators are not on top, then the chart defaulted back to a generic chart. That happens sometimes, I don't know why.
This is simply a reversal indicator, but can be used to great effect. It can be a true bottom or just a bounce.
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