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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 (2082)	4/13/2001 10:02:16 AM
From: Davy Crockett	Read Replies (1) \| Respond to of 5144

Hi Bob, Why change it to 5? Increases the whipsaw effect IMHO. I use the ADX & +D1 -D1 to confirm the 5 + 21 day ema (or on my hourly time frame the 4+9+18 ema.) in conjunction with the Macd, Slo stock, CMF (for end of day) + the ever elusive candle & pattern recognition. All the above of course, with stocks that have a lot of volume. I think you have every right to be afraid hehehe...I'm always afraid Bob. Right now I'm afraid that I might miss the ensuing rally if I don't get positioned in the "right" stocks. That is why I dumped FN yesterday to buy some tech stocks. Last week I was too early (by 48 hours !!!! sheesh) & underestimated the strength of the panic selling & hence was stopped out of YHOO & EBAY. Speaking of which, you said ... how about us doing more analysis of the TSE in accordance with the thread header, IMO the TSE is a proxy for the NAZ. (just pull up a chart & compare the 2 over the last couple of years & also note how completely directionless or rudderless the TSE is when it is open & the U.S. markets are closed ie: American holidays) I can't recall an analysis by anyone on this thread of a purely American listed stock. Regarding cross-listed stocks, I think that the T.A. intepretation would be much more accurate on a stock that has a lot of liquidity. For example check out the chart on TVX on the TSE stockcharts.com[w,a]dicayymy[dc][pc5!c21!c50!c200!h.02,.20!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14] & compare the chart to TVX on the NYSE stockcharts.com[w,a]dicayymy[dc][pc5!c21!c50!c200!h.02,.20!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14], now do the same with NT.to stockcharts.com[w,a]dicayymy[dc][pc5!c21!c50!c200!h.02,.20!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14]& NT on the NYSE stockcharts.com[w,a]dicayymy[dc][pc5!c21!c50!c200!h.02,.20!f][vc60][iut!Ul14!Lc20!La12,26,9!Lh14,3!Lb14], & finally check out the chart of MCL.to & MCL on the NYSE. What do you notice? Are their any subtle differences in the charts that may impact on an investment decision? Which one is more accurate? Hey Bob, check out my post from yesterday Message 15653400 & read the links. What you will find is that others have a differing interpretation of Wilder's ADX. Personally I try to have an open mind about it's use & it's limitations, & I try not to get locked into a set of rules per se. After all, rules are meant to be broken <ggg> Regards, Peter p.s. if the 5 day ADX works for you-- use it!

To: kirby49 who wrote (2082)	4/15/2001 12:03:31 PM
From: Cush	Respond to of 5144

<font color=green>Nasdaq - TSE - Nortel Comparison chart www3.sympatico.ca Hi Bob. You are correct that I tend to be more interested in the techs than in other stocks and sectors. It's a personal bias. Lately, I've been reluctant to post many of the TSE charts because I just don't trust the signals. I have been especially reluctant to post charts that appeared to be giving buy signals, as I thought the overall market trend was down. That may be changing. I do have stocks in sectors other than tech in my own portfolio. They too seem to have suffered from a general lack of buyers in this market, this year. You'll note that on the comparison chart I've posted, the Nasdaq, TSE and Nortel have been painting a very similar picture for the past several months. Note I've outlined two sections of the ADX indicator. These show, IMO, a clearer signal on the Nasdaq than on the TSE. I'll probably continue to focus on the Nasdaq. As Peter has said, I view it as a good proxy for the TSE (especially the techs). Given a reliable trend (expescially if it's up) I'll start posting a bunch of TSE charts. I think your point is valid. On this chart, I've also noted that the +DI has not yet crossed the -DI, at this time. If and when it does cross (maybe this week if the rally continues) that will be a good bullish signal, IMO. Happy Easter Sunday everyone. More on golf, in a PM. Thanks for the offer Bob. Cush