I hear from ADXcellence followers all around the world, and I love hearing about success stories and “aha!” moments. Before I wrote ADXcellence, I went through a series of amazing discoveries about trend and the ADX indicator, and I still learn more every year. If there are any secrets in trading, they are probably moments of insight or enlightenment, when we suddenly realize the knowledge for which we quest as traders. I was delighted recently to hear of a group of traders in Colorado who are following ADXcellence, and specifically the group at Winning on Wall Street.com I graduated from the University of Colorado, and I lived in Colorado for 15 years. So I send out this chart to the Rocky Mountain folks for your study and education. Maybe this chart will give you a Stocky Mountain High. It is an ADXtra pattern (Chapter 11). Make sure you understand the setup and trigger for the ADXtra.
Study Questions for SNCR:
What makes this new +DMI high more significant than prior ones in 2009?
What is the first target for this stock?
What does ADX need to do in order to confirm the breakout becomes a trend?
Posted 12.6.09 CBS
