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S&P 500
5,537.02
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0.51%
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US TECH 100
19,641.60
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0.83%
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Dow Jones
39,308.00
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-0.06%
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Brent Oil
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0.44%
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royg1927

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royg1927

Re: None

Tuesday, 03/15/2011 1:40:23 PM

Tuesday, March 15, 2011 1:40:23 PM

Post# of 77456
Carl, ADX is another indicator which is very valuable on the daily charts. It appears relatively rarely.

Here's what Little Chico posted today on another board.

...it's very dangerous to trade against a rising ADX line, which is the sign of a trend. Trades like that are rarely profitable, whereas trading with the trend, almost always is.

That is my opinion as well.

Look at the daily of SPY:

http://stockcharts.com/h-sc/ui?s=SPY&id=p15852908084&def=N&listNum=1

Simple simon -- green line descending through the rising ADX (black line).

Roy

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