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


To: bdog who wrote (20707)8/21/1998 7:50:00 PM
From: Warthog  Respond to of 79504
 
bdog,
I was trying to find stocks that matched this paragraph on p.141
"
4. The single best signal of the Directional system comes after the
ADX falls below both Directional lines. The longer it stays there, the
stronger the base for the next move. When ADX rallies from below both Directional lines, it show that the market is waking up from a lull. when ADX rise by four steps (i.e. from 9 to 13) form its lowest
point below both Directional lines, it "rings a bell" on a new trend.
It shows that a new bull market or bear market is being born...."

and
5. When ADX rallies above both Directional lines, it identifies an
overheated market. When ADX turns down form above both Directional
lines, it shows that the major trend has stumbled. It is a good time to take profits....."

whew....hoofs are tired now from all that typing.

I bet there are at least two or three scans in order here.

thanks for the hints..

collin



To: bdog who wrote (20707)8/21/1998 8:16:00 PM
From: Warthog  Respond to of 79504
 
bdog,

WGO, I have tracking it for about a week, it has formed a nice
banner in the 7 day RSI. If it can break out...then perhaps it is a
good one. It was even or up today.

reference: topher.net

perhaps dougR can give a reading this weekend.

collin