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<DIV><FONT face=Arial size=2>With all due respect to your technical knowledge I
think you may may have misread what I said. I was referring to the adx moving
above the -d1 line not vice versa. Also the adx I use is a distant relative of
the conventional adx. This I believe I made clear a while back on this site.I
will try to find the post and repost it. however even the standard adx ( as
invented by Wilder) still indicates that when adx rallies above both +13 and -13
it identifies an overheated market. This for traders means the current trend is
stumbled and for a trader it's an opportunity for a trade.By overheated I mean
the trend previously in motion , regardless of whether up or down.Henceforth I
will refer to the adx with the revisions I made to it as adxdp.Also mention
should be made that the adx(wilder) and the adxdp will give diferrent readings
depending on the time frame used. Also let's bear in mind that all indicators
are subject to the interpertation of the observer. Looking</FONT></DIV>
<DIV><FONT face=Arial size=2> at an indicator one may conclude the it
is bullish , someone else may conclude it is bearish. If everyone
were to interpert the same way we would have a market of only buyers or
sellers. I prepared this post before the open and put it aside to trade. I
just now read all the posts. I would like to mention that I did not take Steve's
post in the wrong way at all. I hope my late response did not create that
impression. I was basing my figures on Daily chart.I was using the standard 14
day. However, this indicator, as Steve pointed out can be used in time frame 15
30 min. etc.I will post the buy/sell criteria for the adx after the close .
These are the criteria of the original adx and are the ones applied by most
technicians.I believe Steve's interpertationn will fall into
them .</FONT></DIV>
<DIV><FONT face=Arial size=2>Regards to all</FONT></DIV>
<DIV><FONT face=Arial size=2>Dom
</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>
Steven W. Poser
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:domenick@xxxxxxxxxxxx"; title=domenick@xxxxxxxxxxxx>Dom
Perrino</A> ; <A href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, September 27, 2000 9:02
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: [RT] Re: MKT - INDU</DIV>
<DIV><BR></DIV>
<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.
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> <realtraders@xxxxxxxxxxxxxxx><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 </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 the INDU is exhibiting classical
Bollenger Band action. INDU closed below the lower band, made a trip
back inside, retested the lower band from the inside. A trip to the
center band at 11,000 is the next move. </FONT></DIV>
<DIV> </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></BLOCKQUOTE></BODY></HTML>
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