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


To: PuddleGlum who wrote (37202)4/19/2003 9:26:49 PM
From: Techplayer  Read Replies (2) | Respond to of 57110
 
Have you ever used the ADX as an indicator? I have not. In the chart that I posted earlier for the VIX, the ADX appears to be the only indicator turning north, though the Williams%R does indicate that at some time in the near future, the VIX should reverse. Each time that the ADX has turned upwards in the chart, the VIX did also increase. Jorj and Gypsees follow the ADX....maybe they can shed some light..



To: PuddleGlum who wrote (37202)4/19/2003 11:21:13 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 57110
 
That sounds reasonable to me. I believe there's going to be some more upside - at least a few days; maybe more.

What makes me wonder about THAT is that P/C ratio value is pretty extreme. So maybe some sideways trading for several days, maybe a couple weeks, to allow that value to drop some, then up, followed by the next stage of the crash.

How's that for a waffle? :-)