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 : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (26511)	1/28/2003 12:37:37 AM
From: velociraptor_	Read Replies (1) \| Respond to of 30712

actually I do not use absolute numbers for the ADX but rather the shape of the pattern. Note on the hourly chart that the ADX dipped on the corrective wedge and on the next down push that we now have, the ADX has not been able to make it back up yet. Most likely this is forming a divergence which suggests a weakening trend as we appraoch a local bottom. Odds are we dip in the morning and the dip gets bought as we place a short term low.