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

To: george1204 who wrote (4808)	11/18/1998 12:38:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 59879

bought TVX at 2 1/8...Looks like life in golds again..Should have held NEM a bit longer... ADX displays the strength of a trend... +D1 and -D1 are directional indicators telling us which way stock is moving...If +D1 is greater than -D1, the trend is up...If -D1 is greater than +D1 the trend is down... If an ADX is less than 20, you have a trading range stock...The best time to catch a stock for a ride is when ADX moves above 20 and continues upward in its journey...Once ADX is over 44, you have a mature trend, and it is time to keep a close eye on your oscillators...Oscillators are good to use when ADX over 44 or under 20...Otherwise(ADX moving up from 20 to 44) use your trend following indicators to determine pullback(moving averages, MACD or MACD Histogram,envelopes,bollinger bands, gann retracement, Fibonacci ratios, etc...) Got to run......Mark P.S. Always good to have more than one oscillator in agreement... I like RS and Stochastic both confirming...Stochastic many times gives overheated picture too early...