Tuesday, December 08, 2009 9:11:45 PM
I just ran across a chart setup that I use to swear by when I was learning and playing pinchers. One long Christmas holiday, I got to studying the adx 2 chart and breaking down when the best time to enter a pincher would be. The conclusion that I came to, look for the +di (green) to cross up through the -di (red) at 20-25. Take a look at this chart and notice that when this cross occurred at 20, the price nearly always continued up for several days. The adx 2 is near the bottom.
Just another day at the market.
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