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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Paul Viapiano who wrote (6135)	3/16/2001 1:15:37 PM
From: Teresa Lo	Read Replies (2) \| Respond to of 8925

"...Do you use this indicator (ADX) to help signal a reversal...say if the stock is making a 2B test of high and the ADX is +40 or so...?" Exactly! High ADX tells you that there has been a big time move in one direction. Add the Trader Vic 1-2-3 lines on, and you can see if a 2"B" test is here. For example, this morning, there were three clunks to the downside on the 5M NQ chart, and ADX got to 50. A textbook 2B bottom was formed on a "clean swing", and reversed: ottographs.com Teresa