Wednesday, November 28, 2007 9:50:34 PM
penny ta had some really good posts tonight on how the charts show insider activity before we find out. pt uses the adx as a main indicator.
When a run is over
1. Peaking ADX, which is often above 50.
2. Falling +di and rising -di after the -di has hit bottom
3. Volume falling off
4. MACD peaking.
With ECFL, the adx hasn't peaked, the -di hasn't turned up, volume is up and macd hasn't even started yet imo. Hoping this was a delayed run due to big boards.
When a run is over
1. Peaking ADX, which is often above 50.
2. Falling +di and rising -di after the -di has hit bottom
3. Volume falling off
4. MACD peaking.
With ECFL, the adx hasn't peaked, the -di hasn't turned up, volume is up and macd hasn't even started yet imo. Hoping this was a delayed run due to big boards.
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