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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: leapyear92 who wrote (17340)	10/19/2001 3:37:21 PM
From: Paul Shread	Respond to of 209892

ADX is a lousy timing tool in general, but it's good for identifying extremes, methinks. I was surprised, frankly, that the indexes bounced at about the 45 level, which is just about normal for a trend change under ADX. I thought higher readings might be possible under the circumstances, so it seems to me that 40-45 could be a good level to begin positioning for a reversal. Am not wedded to that view, but I have more respect for ADX since it performed so well in that last leg down. It hasn't worked nearly as well on individual stocks, in my experience.