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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (19793)	1/1/2001 7:40:01 PM
From: GTC Trader	Read Replies (1) \| Respond to of 59879

Mark, Thanks for the input on CSCO. I will study the chart with that in mind. I got StockCharts.com from Mike, which finally gives me access to ADX data. Would you be so kind to publish a summary of your guidelines for using ADX? I believe that rising through 20 establishes a trend and rising through 40 indicates an overheated position. Is this correct? Are there other guidelines that you would be willing to share? For CNX, the ADX has risen from 18 to 30 over the last 5 or 6 trading days. If it is not overheated until 40, then it looks like this run may continue another week. If so, $30 should be taken out in the next day or two and $35 to $40 might actually be possible. Would a GTC around $38 make sense? This would be a very nice double in just a couple weeks. (Of course, I know not to buy any more at this point!) TIA - HB P.S. It will be great to see Bush get inaugurated in a couple weeks.