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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Ed Frye who wrote (9900)	12/8/1998 9:12:00 PM
From: Ed Frye	Read Replies (3) \| Respond to of 12559

Is FORE in an uptrend? The Directional Movement Index (DMI) is a trend-following indicator developed by J. Welles Wilder, Jr., designed to determine whether a security is in a trending or non-trending market. Since the market is in a strong trend only about 30% of the time and in sideways about 70% of the time, this indicator is used to capture the period when the market shows significant trending or directional behavior. The calculation of the DMI is fairly complex. Suffice to say it consists of three lines: +DI: current positive directional index. -DI: current negative directional index. ADX: modified moving average of the difference of +DI and -DI divided by the sum of +DI and -DI, multiplied by 100. According to conventional interpretation, four criteria should be met to generate a valid uptrend signal. 1.The +DI rises above the -DI; 2.The ADX should be rising; 3.The ADX should be above 50; and, 4.The price of the security must rise above the high of the day that the +DI crossed above the -DI. The following chart shows all of these criteria have been met except that the value of ADX (29) is still below 50. iqc.com ed