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Technology Stocks : Aware, Inc. - Hot or cold IPO? -- Ignore unavailable to you. Want to Upgrade?

To: pham who wrote (6428)	6/3/1999 9:40:00 PM
From: Filippo Zucchi	Read Replies (3) \| Respond to of 9236

DMI stands for Directional Movement Indicator. It basically tells you whether a security is trending or whether it is trading within a range. It is a very complex indicator to understand and it is usually read in conjunction with the ADXR indicator (which I cannot remember what it stands for). Bottom line, I keep my TA fairly simple, MAvgs., trend/support/resistance lines, and money flow. I simply keep an eye on the DMI to give me a broad sense of whether a breakout is confirming a pre-existing trend or whether it is a more isolated occurrence. As for the time frame, I'm not aware of any technical indicator that can can give you the time frame for a move. TA is based on price and volume, hence time frames do not factor in (if someone out there disagrees with this, I'd love to learn something new). My target of $25 - $30 is based on the next area of heavy congestion (support). Happy trading!