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Kurush
You can save the metastock chart file as
html, and select the PNG for the picture. say you have saved it
as a file in c:\mypics and named it as Nifty, both the html as well as the png
file will be saved.
You then need to only send the nifty.png to
explain your point.
DusantChief Architect<A
href="">http://www.candlestrength.com/
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=kurush_mistry@xxxxxxxxxxx
href="">Kurush K Mistry
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Tuesday, July 13, 2004 4:58
AM
Subject: [EquisMetaStock Group] Re:
ADX
Here is another useful way to look at it. No decisions
should be based on just one indicator! If someone explains to me how to
attach a chart I can post that too!ADX <20 indicates a weak
trend. Use oscillatorsADX rising from 15 to 25 from lower levels
means the trend is strengthening; usetrend-following
systemsADX above 30 is interpretd as a strong trend;use
trend-following systemsADX at an extremelyhigh level of 45 or
aboveis interpreted as a market in a strong trend with consolidation
expected anytime. Startbooking profits if the ADX makes a top
orflattens out.Long trades can be entered when +DI moves over
-DI and short trade can be entered when-DI moves below
+DI.Importnt turns are indicated when ADX reverses direction after
it has moved above both DIsDivergence between the ADX and the price
isan importnt indicator of an impending reversal.ADX declining
below 30 is interpreted as a consolidation after a trending move.
UseOscillators or credit spreads to trade these consolidations. If
bearish patterns developand break down, look for ADX to move
higher,this time indicating a trending move on the
downside.------------------------ Yahoo! Groups
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