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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Christopher who wrote (10463)	6/3/1999 8:48:00 AM
From: peter n matzke	Read Replies (1) \| Respond to of 12039

Christopher >You can use ADX and search for values that are above 10 and below 15 with ADX going up for last three days. That kind get you in the beginning of a trend. where did you get this idea? Welles Wilder, the creator of ADX says anything over 25 means that you are in a trend and should not base buying decisions on oscillators such as stochastics. ADX lower than 20 means that the issue is in a trading range and decisions should be based upon oscillators such as stochastics. Connors and Cooper revamped some of the ADX work and came up with a buy based upon an increasing ADX 20, 21, 22. Always confirmed with other indicators. if Your ADX is 10-15, the trend has not been established. regards peter