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<DIV><FONT size=2>ADX is supposed to describe the stock trend.
MACDBULL/MACDBEAR give a first, rough description of the market
trend.</FONT></DIV>
<DIV><FONT size=2>Maket direction is more detailed to separate
bulls/congestive/bears for the whole market. Sqrt(StochD) is a new individual
trend follower.</FONT></DIV>
<DIV><FONT size=2>Let us see recent CSCO situation.</FONT></DIV>
<DIV><FONT size=2>1. ADX speaks for a "rather strong bearish trend" from day X.
It keeps on the same message until yesterday. The message change at
</FONT></DIV>
<DIV><FONT size=2>the last bar to "(bearish) medium strength". I suppose I
should be prepared to Cover any Short position from Y2 and wait for the
bullish</FONT></DIV>
<DIV><FONT size=2>cross [if any].</FONT></DIV>
<DIV><FONT size=2>2. MACDBULL/MACDBEAR [ <A
href="http://www.amibroker.com/library/detail.php?id=177";>http://www.amibroker.com/library/detail.php?id=177</A> ]</FONT></DIV>
<DIV><FONT size=2>speaks for another attempt for bullish phase at B, confirmed
after the C cross. The next days send the market</FONT></DIV>
<DIV><FONT size=2>right to the top [96% bulls the last two days]</FONT></DIV>
<DIV><FONT size=2>3. Market Direction [ <A
href="http://www.amibroker.com/library/detail.php?id=176";>http://www.amibroker.com/library/detail.php?id=176</A> sensitivity
0.5]</FONT></DIV>
<DIV><FONT size=2>speaks for a real rally. From B [bulls=2%] to 86% in 4 days
[!!!] </FONT></DIV>
<DIV><FONT size=2>4. Individual sqrt(StochD) reached its almost zero level at L
[0.99] and began the [reasonable] reaction the very next day.</FONT></DIV>
<DIV><FONT size=2>The FAST black curve is going steadily up, the SLOW green is
still sleeping, in other words a promissing trend is here.</FONT></DIV>
<DIV><FONT size=2>[ <A
href="http://groups.yahoo.com/group/amibroker/files/Two%20new%20trend%20followers.txt";>http://groups.yahoo.com/group/amibroker/files/Two%20new%20trend%20followers.txt</A> ]</FONT></DIV>
<DIV><FONT size=2>Dimitris Tsokakis</FONT></DIV></BODY></HTML>
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