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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Thomas J. Smith who wrote (30253)	5/17/1999 7:05:00 PM
From: MikeGolden	Read Replies (1) \| Respond to of 70976

Boy do I disagree with you on this. The DMI (Directional Movement Index, aka ADX), which very accurately predicts AMAT's price movements, went positive today using all time segments from 5 minutes to daily. It's the first time the DMI daily indicator has been positive since 3/30/99. The 15 minute segment indicator, which is a good compromise for short term and intraday trades, went positive about 2PM today and the result was an increase in the stock price from about 60 to over 63 at the close. I'd be interested in knowing which indicators you follow that are giving the opposite read and the historical accuracy.