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

To: Pullin-GS who wrote (4599)	2/22/1998 2:21:00 PM
From: Christopher	Read Replies (2) \| Respond to of 7396

Concerning ADX, no body uses one indicator alone and Marks does not. In his defense, Mark uses many indicators. How ADX fits in his system is a different story. ADX indicate the degree the stock is trending. The higher it is the more the stock is trending. A high ADX for a stock will yield more profit then one with lower ADX all else being equal. This is also true for day trader. Dr. Alexander Elder in his book titled "Trading for a Living" have an entire chapter on ADX and how to use it for day trader and short term trader.