|
PureBytes Links
Trading Reference Links
|
<x-html>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=iso-8859-1" http-equiv=Content-Type>
<META content="MSHTML 5.00.2722.2800" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=670065118-27092000>Dom -
I did misread what you were writing. For that matter, as you also stated, I
probably have a different way of interpreting the index than you or other
technicians do. I had never meant to question your ADX, which to be honest, I
was not aware of. If I read every post on the RT, I'd never get anything
done!</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=670065118-27092000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=670065118-27092000>Steve</SPAN></FONT></DIV>
<DIV> </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> Dom Perrino
[mailto:domenick@xxxxxxxxxxxx]<BR><B>Sent:</B> Wednesday, September 27, 2000
2:30 PM<BR><B>To:</B> Steven W. Poser;
realtraders@xxxxxxxxxxxxxxx<BR><B>Subject:</B> Re: [RT] Re: MKT -
INDU<BR><BR></DIV></FONT>
<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></BLOCKQUOTE></BODY></HTML>
</x-html>
|