Dr Alexander Elder’s advise on ADX from the book "Trading for a Living".
When +DI crosses ADX from above it signals that the price may be ahead of the market. The market may be overheated.
A more cautious advice.....hmmm
We may have to hang here and wait for the market to catch up again
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
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