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[RT] RE: Re: MKT - INDU

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<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=800465212-27092000>I 
would not use ADX in that way at all. Note that DI- has been above ADX almost 
every day since February in the Comp. The trend there has been flat to down for 
the whole period. All you can say about DI- moving above ADX is that there is 
risk that the current trend is extended a bit and that we need to go sideways. 
However, remember that ADX is very smoothed. Most of the increase in ADX 
occurred due to the rally in August/September. If anything, right now, the 
indicator is telling us that we can go sideways, but a turn down in ADX now 
would mean that the BULLISH cycle is weakening, not the bearish.&nbsp; 
Furthermore, weekly ADX is near 10, saying the big picture still shows no trend. 
I'd stand up and take notice when that starts moving higher. I fear that it 
could be to the down side.</SPAN></FONT></DIV>
<P><FONT size=2>---<BR>Steven W. Poser, President<BR>Poser Global Market 
Strategies Inc.<BR><A href="http://www.poserglobal.com/"; 
target=_blank>http://www.poserglobal.com</A><BR>swp@xxxxxxxxxxxxxxx<BR>Tel: 
201-995-0845<BR>Fax: 201-995-0846</FONT> </P>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
  <DIV align=left class=OutlookMessageHeader dir=ltr><FONT face=Tahoma 
  size=2>-----Original Message-----<BR><B>From:</B> listmanager@xxxxxxxxxxxxxxx 
  [mailto:listmanager@xxxxxxxxxxxxxxx]<B>On Behalf Of </B>Dom 
  Perrino<BR><B>Sent:</B> Wednesday, September 27, 2000 8:41 AM<BR><B>To:</B> 
  &lt;realtraders@xxxxxxxxxxxxxxx&gt;<BR><B>Subject:</B> [RT] Re: MKT - 
  INDU<BR><BR></DIV></FONT>
  <DIV><FONT face=Arial size=2>The adx is confirming your observation. It is 
  just about to go above the -d line.This is an indication that the trend that 
  was underway is about to terminate.I bought QQQ yesterday near closing 
  price.With this market I will not get greedy.</FONT></DIV>
  <DIV><FONT face=Arial size=2>Dom&nbsp;</FONT></DIV>
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
    <A href="mailto:bobrabcd@xxxxxxxxxxxxx"; 
    title=bobrabcd@xxxxxxxxxxxxx>BobR</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>To:</B> <A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, September 27, 2000 
    8:05 AM</DIV>
    <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] MKT - INDU</DIV>
    <DIV><BR></DIV>
    <DIV><FONT face=Arial size=2>So far&nbsp;the INDU is exhibiting classical 
    Bollenger Band action.&nbsp; INDU closed below the lower band, made a trip 
    back inside, retested the lower band from the inside.&nbsp; A trip to the 
    center band at 11,000 is the next move.&nbsp; </FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>Don't stay bearish too long GB,</FONT></DIV>
    <DIV><FONT face=Arial 
size=2>BobR</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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