Just confirming that the ADX has now risen >4 = the start of a short term BLR up trend :-)
"The key feature of the Directional Movement System is that it first identifies whether the market is trending before providing signals for trading the trend.
Go long when +DI is above -DI and ADX turns up from below +DI and -DI, (It would be advisable not to trade until ADX has risen by at least 4 steps above its recent low)."
http://www.incrediblecharts.com/technical/directional_movement.htm
Regards
Chalea
P.S. I hope nobody's still waiting to buy at 19..............or 15................or 9 etc etc....
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