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Post# of 79026
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Little Chico

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Little Chico

Re: gloe post# 34508

Monday, 10/16/2006 2:55:38 PM

Monday, October 16, 2006 2:55:38 PM

Post# of 79026
DMI-ADX line on 60" chart...

...is still rising, although the green DMI+ line has yet to cross under. It looks to me like we are about at the top,with the price action treading water, but I would wait to enter a short trade when I get a clear sell signal on the 60" chart. I would wait until the ADX line flattens out and there are confirming signals from other, well tested indicators.

Chico
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