XJO 0.67% 8,150.0 s&p/asx 200

2009, page-132

  1. 17,444 Posts.
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    I use a 11 period DMI instead of 12 or 13 or 14 or whatever.

    The SPI chart below is a little suspect because of holidys BUT...

    ADX says, yes, there is a trend in place and obviously that means up.

    DM+ is about normal highs unless a serious bull is in place.

    DM- is very low and suggest a closing up is probable.

    The basic rule is to take positions when things are on the cusp not when they are at extremes.

 
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