We plan to add 3 Directional Movement filters to the list of Stock Screen filters:
DI+ and DI- crossovers within x
number of days (where x is input by the
ADX above or below x (as in %Price
Move - Minimum or Maximum values).
- ADX turns up or turns down.
Please post your comments at ADX on the Chart Forum.
September 11, 2002
The Nasdaq Composite Index closed down 5 points at 1315. The primary trend is down.
The S&P 500 also showed uncertainty, closing unchanged at 909. The primary cycle is in a down-trend.
The Chartcraft NYSE Bullish % Indicator bull alert signal is at 46% (September 10).
The Federal Reserve Beige Book report finds strong automobile and housing sales, contrasted with weak retail sales and manufacturing. (more)
The primary trend is down.
The spot gold price has retreated from its high of $US 321 on the 9th to close at $US 316.40 in New York. The short-trend is still upward but can be expected to encounter resistance at $US 324 to $US 327.
Local gold stocks have rallied off recent lows but now appear to be pulling back to the 20-day moving average, in line with the gold price.
Lihir Gold (LHG) started to trend upwards after a bullish divergence [+] on Twiggs money flow, but has now retreated to test support  at 1.25.
There's many a pessimist who got that way by financing an optimist