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 : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (4277)	2/1/1998 9:13:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 7396

Dale, ADX determines the strength of the trend....I usually like it over 30, to get my interest...+D1 -D1 determine if the trend is up or down...IMHO, there is no better indicator out there than this one... It has saved me on numerous occasions, by calling lower peaks and warning me that the strength of the trend just wasn't there....I watch for crossovers too with the +D1 and -D1... You are right on QNTM being in a rectangle pattern...I have it pegged at 22 by 19 with price objective of 26.86.....But that is as far as I would play it on the long side...Take a look at the chart over the past 5 years...You have a Head and Shoulder Top....If that is the case we are now building the right shoulder...A sharp trader would short when this run loses momentum...Neckline is in the 22.50-23.00 area...