Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Willsgarden who wrote (5712)	4/5/1998 3:06:00 PM
From: TATRADER	Read Replies (1) of 7396

One other comment Bill on ADX...When a stock is in an uptrend, ADX should continue to move up....I will stick with a stock even when the ADX remains the same for several days in a row...It just means the stock is resting....However, if an uptrending stock is not in a flag pole formation, and ADX goes down, I will bail out of the stock..It is warning me that a reversal is at hand.... Example: OBJS...ADX has been decreasing,that tells me there is a good chance that this stock will correct to the 2.67 level that I gave to Lizard...(this is an uptrending stock since +D1 is greater than -D1) I compiled the pullback area with the indicators I mentioned to you on a prior post....However, when a stock is in a pennant or flag formation the ADX may go down for several days in a row...But then the stock spikes another pole, and the ADX starts its ascent again...

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