Posted On: 03/03/2016 8:01:58 PM
Post# of 22940
Re: Lil_Wise_Guy #4671
$TPAC I just took a look at what you said about the ADX, and it looks fairly simple, just as you stated. If the 14 touching the -DI is any indicator, it appears we are not far off from a run, if history is to repeat itself(Nov, just before the run was the last time, other than now, that the ADX(14) and DI+/- all converged). It will be interesting to see. I'll have to start watching the ADX now as well to get a better feel. I have also noticed the accumulation line and how similar it is to the trend on the RSI. There doesn't appear to be a lot of selling. We had over 5M short volume out of the 11M in total, which leaves 6M left over, and only a portion of which should be organic selling(*though I have not looked at the trade data for today to say for sure). Hopefully the buying pressure begins again nice and soon.
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