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In a message dated 9/27/00 9:07:43 AM Eastern Daylight Time, swp@xxxxxxxxxx
writes:
<< 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. 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.
--- >>
hello
you miss understood what Mr. perinea is saying
he is just short term bullish
(day trade)
Best regards,
Ben
p. s Mr. perino is VERY bearish on the market overall
(intermediate and long term)
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