Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Cush who wrote (546)	2/12/2001 3:00:35 PM
From: Shack	Read Replies (1) \| Respond to of 5144

ATY is definitely due for a bounce, as many of the techs are. I bought some CLS calls today. Another one of the many oversold techs which should get some kind of bounce. I am not gonna hold them for long though, the trend (as measured by the MACD is indeed down now). stockcharts.com[w,a]daclyimy[dc][pb10!b20!b50!b200][vc60][iUc20!La12,26,9!Lf!Lh9,3]

To: Cush who wrote (546)	2/12/2001 5:51:19 PM
From: Davy Crockett	Read Replies (1) \| Respond to of 5144

Hi Cush, If I understand the ADX correctly, we are in a market where you are are probably better to focus on the Stochastic signals (as an oscillator) rather than the Macd. According to ADX theory, whenever the black (bold) line, (the ADX) is below 20, it indicates a trendless market, where oscillators are better deployed... above 20 & trending North --- trending indicators such as Macd. I hope I have interpreted that correctly... for more information you may want to check out ADX in Stockcharts, stockcharts.com ATY 1 yr chart stockcharts.com[w,a]dacayymy[dd][pc5!c21!c50!c200!h.02,.20!f][vc60][iUl14!Lc20!La12,26,9!Lh14,3!Lb14] Dr. Elder in his book "Trading for a Living" has an excellent chapter on ADX. pg 135 - 142. Regards, Peter