To: byhiselo who wrote (44825 ) 1/6/2001 12:36:32 PM From: JLS Read Replies (1) | Respond to I was seeing the same thing, byhiselo. The bad news of those charts, especially the Nasdaq is if you look at where the ADX crossed the green line back in early January when the index was at 4300, it ran roughly another 1000 points before reversing course. Looking back that crossover of the green and red in September gave the warning to clear out, which many of us did and went short. I know I was short a ton of stuff on the Tuesday after Labor Day. But relying on the historical model of a fall tech rally I didn't stay short and began dipping my toes back in which worked out okay if I only held for a few hours. It seemed that anything I held for longer turned sour quick. So the thing to do would have been to keep looking at the ADX. Now it's the only indicator I use along with price and volume and I try to keep the subjective thinking out of my trading, as soon as I do I fall back into the same traps.stockcharts.com [L,A]WACLYYMY[PB50!B200][VC60][IUB14!LA12,26,9!LL14]
