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To: Joe Lyddon who wrote (22832)3/29/2000 5:01:00 PM
From: Joe Smith  Respond to of 57584
 
Thinking that the high fliers are a little tired to turn like a locomotive tomorrow unless there is a steep sell-off. Would look to some of the bigger safer tech plays in a more defensive mode. Expecting a bounce, but where will it start from. Need to see some capitulation. I will start to add to bigger, safer--INTC, SUNW, CSCO, AAPL, TXN, IBM, LU, YHOO, AOL. These are where earnings will matter, companies with earnings. Few of them have been battered much, but they will bounce some with others. As for others, looking at CREE, VERT, CNXT, VRSN, SFA, CIEN, CHY. Looking for bottom on CICI :(, got some NTAP,LBRT on relative strength today with AOL momentum building. Playing bounce on WIIND yet again at 45.



To: Joe Lyddon who wrote (22832)3/30/2000 8:41:00 AM
From: Kevin Shea  Read Replies (1) | Respond to of 57584
 
Joe... hard to describe simply... almost all charting includes it, including the SI one ( enter quote, pick chart, and set up to include DMI )and it is in most TA books. Do a search on "ADX DMI" and follow it around.

In short it is used to determine the initiation and continuation of trends.... the (D)irectional system

Read Trading for a Living by Elder for a complete view of TA.



To: Joe Lyddon who wrote (22832)3/30/2000 9:39:00 AM
From: ~digs  Read Replies (1) | Respond to of 57584
 
<<<The DMI indicator... What is it...>>>

I've been using SI's quickie TA lesson for a few months since I'm relatively new to it. It's the best 'overview' site I've seen with regards to TA... very well organized:
siliconinvestor.com

DMI is defined here:
siliconinvestor.com



To: Joe Lyddon who wrote (22832)3/30/2000 9:46:00 AM
From: JLS  Read Replies (1) | Respond to of 57584
 
Another useful DMI explanation

stockwerld.com