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Yuki,
OK, letīs forget about it.
Let me ask you a question. How many stocks make the ^N225 ?
DT
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hi DT,
>
> Tuesday, April 8, 2003, 3:38:59 PM, you wrote:
>
> DT> Yuki, Read http://groups.yahoo.com/group/amibroker/message/10072
> DT> to see the basic info for L. Williams well known indicator. Who
> DT> could imagine to put his name in ANY T/A link reproducing
> DT> Stochastic ?
>
> Sad, and surprising, but he did come off a bit like a glory seeker
to
> me, so I guess I'm not all that surprised. He seemed to want to
> claim a lot of original TA stuff, and that other people copied him a
> lot.
>
> Quite frankly, I was surprised with his treatment on some things.
He
> likes ADX a lot, but he seemed to not really understand how it works
> to me. He calls it a "trend integrity" indicator, and advises that
> when it makes extreme highs and then declines, the decline is
showing
> you that there is no "integrity" in the embryonic new trend, and
that
> it is bound to fail. Actually, this is quite wrong IMO, as the
> reversal in ADX at trend change is simply a "bleeding off", if you
> will, of the high level of trending that HAD been present. It is a
> symptom of the old trend, not yet referencing the new direction at
> all. After a while, if ADX does not stop falling and start rising
of
> course, then the new direction is certainly suspect. But, that is
not
> what Larry was talking about. He was talking simply about the
initial
> fall in ADX from a high level, and that this fact makes a new
> direction suspect. That is not correct, IMO.
>
> It is only sometime later that the failure of ADX to stop falling
and
> start rising with the new trend, that the new trend becomes suspect
> (and of course *all* new trends, especially reversals coming out of
> strong trending periods, are initially quite suspect). But a new
> embryonic trend is not suspect simply because ADX is bleeding off
> levels reached due completely to the strength of the old trend. A
> declining ADX is perhaps useful only to tell you to STAY OUT of a
> trade, IMO. Where the ADX is most useful to me is when it just
> crosses or just about crosses into strong trending territory -- on
> its way up -- signalling that there may be a train departing that
you
> want to get on.
>
> Maybe I'm splitting hairs here, but I really thought he was trying
to
> be a bit too "original" here.
>
> Best,
>
> Yuki
>
> mailto:yukitaga@x...
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