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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (13096)	3/6/1998 12:48:00 PM
From: Ocote	Read Replies (2) \| Respond to of 79269

ADX Thanks for the pointers on this indicator. Thanks for your contributions to the board. Ocote

To: TATRADER who wrote (13096)	3/6/1998 1:13:00 PM
From: shasta23	Read Replies (2) \| Respond to of 79269

HI Mark! I love your stuff in the swamp and been also following this thread for a while. Regarding ADX: i know that you use the 14 day setting which always seems slow to react. But maybe that's also something you want to establish a solid trend. But Let's take the example of NRVH(which Liz also liked): It corrected from it high in the mid 40s and rebounded from the fib retracement line around 33(i took the long base at 15 as low point) which is also a horizontal support. ADX is pointing down all the time whereas the stock rebounded to 37 and failed there. I'm trying to understand this: is the ADX to slow to get you into the bottom of this new upward move or is it a serious sign that the beginning upward move is not solid(which also might be suggested by the violent sell-off/shake-out?!?! yesterday)? I know that you're a perfectionist and you would like to pinpoint tops and bottoms but how can a slow reacting indicator like ADX do that? Yes the oscillators can give you timing but they can't give you trend and trend takes time to develop which will not allow you to pinpoint a perfect low or high. I hope you can make sense off what i'm talking about ( i sometimes can't ;-) ). Any comments? Stefan