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[RT] Re: MKT - INDU

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<DIV>Interesting how people can use the same indicator in different ways.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Take a look at this. Intel on a Daily chart. Now buy and sell each (14 
period) DMI+ and DMI- cross on the following bar (with a reasonable stop). 
Forget ADX if you will for the moment (I do). Color the DMI+ blue (buy)&nbsp;and 
the DMI- red (sell).</DIV>
<DIV>&nbsp;</DIV>
<DIV>PS- Not for day traders, more for position traders (although it works in 
shorter time frames).</DIV>
<DIV>&nbsp;</DIV>
<DIV>Other than the S.T. trade I took against this in INTEL for a bounce after 
the drop a few days earlier, this can work well for many things, stocks and 
commodities. One note if you do more than day trade, try to stay on the side of 
these crosses. Keeps you from seeing the "brights" of a freight train.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Guess where I will be if I see the cross of blue over red in Intel, many 
eyes can help see that as I normally do not trade stocks, so let me know, if 
anyone decides to monitor it.</DIV>
<DIV>don ewers</DIV>
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-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 title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx>">&lt;realtraders@xxxxxxxxxxxxxxx&gt;</A> 
  </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, September 27, 2000 8:02 
  AM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] RE: Re: MKT - INDU</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=Arial color=#0000ff 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 target=_blank 
  href="http://www.poserglobal.com/";>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 class=OutlookMessageHeader dir=ltr align=left><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="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
      <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
      <DIV 
      style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
      <A title=bobrabcd@xxxxxxxxxxxxx 
      href="mailto:bobrabcd@xxxxxxxxxxxxx";>BobR</A> </DIV>
      <DIV style="FONT: 10pt arial"><B>To:</B> <A 
      title=realtraders@xxxxxxxxxxxxxxx 
      href="mailto: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></BLOCKQUOTE></BODY></HTML>

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