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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:domenick@xxxxxxxxxxxx"; title=domenick@xxxxxxxxxxxx>Dom
Perrino</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 2:50
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RT] Re: MKT - INDU</DIV>
<DIV><BR></DIV>
<DIV> </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:domenick@xxxxxxxxxxxx"; title=domenick@xxxxxxxxxxxx>Dom
Perrino</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A href="mailto:swp@xxxxxxxxxx";
title=swp@xxxxxxxxxx>Steven W. Poser</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
2:30 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RT] Re: MKT - INDU</DIV>
<DIV><BR></DIV>
<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></BLOCKQUOTE></BODY></HTML>
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