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I agree with you about ADX...its use on its own is limited but as the back up
indicator it seems to help....
ADX and DMI together are something I like..
I posted earlier that when ADX precedes DMI from going into bull mode it seems
to be a powerful suggestion for much higher prices....
I also agree that its better on the bull side as opposed to reading bear
moves....
I ve done a limited number of back tests on this move I described above and
there seems to be some historical support for this theory....
This month alone the currencies and natural gas and crude all reacted in this
fashion....
Rick
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