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Little Chico

10/16/06 2:55 PM

#34512 RE: gloe #34508

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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GLENO34

10/16/06 2:55 PM

#34513 RE: gloe #34508

gloe, We now have a bearish engulfing candle on the 60 min chart...As I write anyway..could change by the time you read this..