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

To: Shaw who wrote (2635)	5/29/2001 5:54:35 PM
From: Cush	Read Replies (1) \| Respond to of 5144

Hi Shaw. Doesn't it seem like nothing's easy, these days. RIM's down $4. today. That's gotta make you happy. stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20] I haven't traded RIM yet, but I've been following it day to day because I'm thinking of day trading it. I am using a very simple approach to the ADX. I'm sure both Peter and Bob have read more on the subject than I have. For me, ADX rising suggests a Trending period and I watch the MACD for signals in Trending periods. ADX flat or falling suggests a Non-trending period and I watch Stochastic for signals. Based on that, I don't know WTH this current chart means. There was a nice Stochastic buy signal just after the 14th. Then ADX starting rising, and so was MACD, which was bullish, but at least for today, the ADX seems to be falling again so the Stochastic should be watched, and it's looking good for anyone short. Charts like this are making me nervous. Like the Descartes examples I posted a few days ago, this chart is changing in ways that don't seem predictable to me. Good luck with it. I hope you make out like a bandit. Cush

To: Shaw who wrote (2635)	5/30/2001 9:01:48 PM
From: Cush	Read Replies (1) \| Respond to of 5144

<font color=green>Research in Motion www3.sympatico.ca I do not have a position here. Shaw, your short position is sure looking good. I hope I don't jinx it by posting the chart. Here's a few of the things we talked about last night. On the chart, I boxed in pink the last Non-trending period. That was a period during which the ADX was flat or declining. In such a period, the Stochastic may be the more reliable indicator. Stochastic is currently turning down (in red box) which is bearish. I circled some of those signals from the 20 day MA and the DMI lines. I've indicated those sell signals in late January that could have predicted a good short situation. Then in blue circles, a couple of buy signals. In pink I circled another signal that may not have been very easy to play. Now, you've got those sell signals again. This market is too whacky to say anything is a sure bet. From the chart, I'd guess that odds favour a further drop in price. If the tide starts to go in the other direction, then I'd expect this boat to rise, as well, but that's not showing in this chart, IMO. Cush