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

To: kirby49 who wrote (2054)	4/12/2001 9:57:54 AM
From: Davy Crockett	Respond to of 5144

Hi Bob, Thanks very much for posting that. I initially became interested in the ADX from repeated exposure from some of the traders on S.I. who appeared to be quite successful in using this indicator. (About 4 or 5 years ago...long before I became a member). Elder's book is an excellent guide to Wilders ADX. Here are some other links stockwerld.com and on ADX Message 15574314 Message 15573019 Message 15585459 Message 15580143 & very interesting analysis on the NDX using both ADX & +D1 & -D1 Message 15334262

To: kirby49 who wrote (2054)	4/12/2001 11:58:27 AM
From: Cush	Respond to of 5144

Bob, Peter: these posts about the ADX are wonderful and educational. Thanks. I'm thinking about it now as I look at every chart. I'd like to find a few clear examples that support the concept of a rising ADX - trend-following indicators work best a descending ADX - non-trending (oscillating indicators) work best. As you Peter, I think, pointed out yesterday, on that Nortel intraday, the DMI, MACD and Stochastic all gave a clear sell signal. There must be dozens of charts where a MACD buy signal when ADX was declining was not a worthwhile signal. And vice versa, where a Stochastic sell signal when ADX was rising (and the price was in an uptrend) was not a good sell signal. Lots more to talk about with this. Cush