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 : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Iceberg who wrote (16180)	9/7/1998 1:49:00 AM
From: DanZ	Respond to of 53068

DMI, Market. Ice, The DMI can be used in two ways. One way is to wait for crossovers to get buy and sell signals. In my experience, it doesn't work well for that because you get whip sawed quite frequently. I prefer to use the DMI in the manner that I described. It seems to be much more reliable when the ADX is between 70 and 80 and the +DI is less than 5. This indicates that a stock has moved to an extreme and generally a countertrend rally follows. The U.S. markets might be closed for labor day tomorrow, but the international markets are trading and so are the S&P 500 futures on Globex. They are all up substantially. Here are some current quotes: Japan: 14,577.22 +534.31 (3.8%) Hong Kong: 8054.50 + 566.03 (7.6%) Malaysia: 456.29 + 92.85 (25.6%) S&P 500 futures: 994.00 +18.0 (1.8%) If this rally holds, the market is going to open sharply higher on Tuesday. Ron, I have been out of town a lot the past few weeks but I will be in town next week. I'll check into mIRC and see if I can fix the problem there. Thanks to everybody for your comments on VLSI, IRF, PIR, etc... Have a nice labor day everybody. Dan