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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (24402)	11/19/1999 8:40:00 AM
From: d. alexander	Read Replies (1) \| Respond to of 69866

Harry; RBAK - Briefing posted this on 16 October >>>Redback Networks (RBAK) 113 3/8 -12 1/2: Internet backbone stock slides 10% on morning of scheduled lock-up release. Last week, RBAK announced that its underwriters had agreed to release an additional 12 million shares of RBAK common stock held by shareholders. RBAK has now retreated 28% from 52-week high set less than a week ago. I-Watch? Don't get anything putting in iwatch. Do you have a URL? Sounds like something good to know about! >>>My SP 500 system is only generating a continuation signal right now though. Remember the wise counsel about listening to the market<g> Or Gather ye rosebuds while ye may Dorothy

To: Johnny Canuck who wrote (24402)	11/20/1999 3:31:00 PM
From: Gary Martin	Read Replies (1) \| Respond to of 69866

Hi All, I wrote to ask the members of this thread a technical question which may be a little off the "hot" subjects you are discussing. I've started using Welles Wilder's "Directional Movement Indicator" as I found it recently on CQG's service for futures trading. The indicator shown by CQG does not match the description of DMI as shown in one of my 6-year old technical analysis manuals. This newer, current version has three lines, +DMI, -DMI and ATR a version of Wilder's ADX)and provides a crossover signal when the lines make that pattern. (The older version took the difference in the lines and made a histogram with bars above and below a zero line.) My questions are based on the fact that I started trading using the "new crossover" DMI and it looks good on (currently)less volatile markets such as Wheat and other Agricultural markets. However, I am using the indicator based on a different interpretation than recommended by Wilder in a synopsis I read from his book "New Concepts in Technical Trading Systems". But, when I follow his recommended approach for using the indicator in the S&P futures, it looks like it is right 2 out of three times it makes a signal. So, I am seeing my interpretation work with low volatility markets, and Wilder's recommendation work in high volatility markets (anyway, that's what I think I'm seeing!) If I didn't confuse you all with the proceeding too badly, I would like to ask if anyone has any experience with the DMI in high volatile and/or lower volatility markets? Has anyone been able to compare the application of the DMI in different markets? Also, does anyone have the new DMI in a software package? (I have the older version in an AIQ program from the mid 1990's.) Thanks. Gary