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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (33537)	3/20/2003 6:02:51 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

this time it diverges from earlier events as outlined by your doted lines: 1. price is moving above its m/a Just change the m/a value to 55 et voila' no everybody is under the m/a. OK, I know I am being flippant, but I only give passing meaning to m/a's and especially on a weekly chart. 2. stochastic is at around 50 (instead of peaking at, near or above its 80 level) Same thing happened last March on the NDX 3. ADX: dragging all the way to 10.... meaning prevailing trend (down) is getting weaker. I disagree with your interpretation of the ADX. With the DI+ and DI- flirting with each other with the ADX at low levels, it is indicating that we have not been in a trend . As was the case for a several months in the summer of 2000 and from Dec01 to March02. (approximately) 4. +DMI just crossed -DMI (announcing a rend change ?) now we need a upturn of ADX to confirm and if it rises... strengthening... Until the ADX flips and the DI- and DI+ stop kissing each other, I don't connsider that a trend change. All that seems bullish... so what about the earlier negatives... all of a sudden gone ? no, then does this mean a nasty and mean bear market rally in the making ? now you tell me i am WRONG.... [please] -g