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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (790)	6/7/1998 8:46:00 PM
From: TATRADER	Respond to of 59879

Best wishes in your Nebraska outing...Right now I am shying away from your MVEE pick out of the ADX picture...I have a policy of not buying stocks when the ADX already is in the 50's....It is true stocks can have an ADX that moves up into the 60's, and higher.....But usually when they get that high the trend is very mature, and you are walking on thin ice....Yes if you would have sold DGIV when ADX hit 69(stock price of 6.50), you would have missed the latter portion of the run, from 69 it went back to 65 and the stock was even higher in the 7.00 range.....However, you would have still gotten out with nice profits...I view a high ADX as a warning light....particularly in the 60's....You still have upside in your stock, even from the ADX picture...But for me, I am starting to become a bit more conservative....Regards, Mark P.S. IMHO the smart money knew the information you know now in the 15-25 cent range...Will they want their double at 40 cents??