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Author Message  bwalt67 Member Username: bwalt67 Post Number: 2 Registered: 09-2006 Rating: N/A Votes: 0 Monday, September 18, 2006 - 05:15 pm:     Hi I was looking at a chart of AMP this afternoon, and I'm hoping someone with more technical experience than me can help with an explanation. The DI+ is above the DI- and the ADX is sloping upwards so my first thought was to go long if tomorrow's open is above today's close of 9.23. Looking at the Accumulation/Distribution and the Twiggs Money Flow I'm picking up a bearish divergence though. So is the upward trend strengthening or weakening?? Which of the indicators should I give more priority to? I'm still pretty new to the technical analysis side of things, so obviously if I'm mis-interpreting these indicators I would really appreciate the heads-up. Kind Regards Bev  david_louisson Member Username: david_louisson Post Number: 258 Registered: 02-2004 Rating: N/A Votes: 0 Wednesday, September 20, 2006 - 11:22 pm:     Hi Bev All indicators are invariably derived from price (and some, like money flow, from a combination of price and volume). If you look at the price section of your chart, higher lows and lower highs are being formed, in a narrowing wedge. Given the lower highs, then, I wouldn't necessarily describe this as an "upward trend". In a narrowing wedge scenario, the price sometimes breaks out strongly, either way. However, I'm not that experienced at reading charts. Some of the other forum contributors could perhaps offer a more knowledgeable opinion. Best wishes David  bwalt67 Member Username: bwalt67 Post Number: 2 Registered: 09-2006 Rating: N/A Votes: 0 Thursday, September 21, 2006 - 11:44 am:     Hi David Thanks for your effort in responding. I think you've helped me figure this out. From what I gather, the ADX is meant to show the strength in the trend. However, if the stock isn't actually trending (er, duh Bev) then the indicator probably isn't of much use. The day after I had been looking at the chart, the stock opened higher but then it promptly sank like a stone. My concern over the bearish divergence stopped me from being long - so I guess avoiding a losing trade was a small success in itself. (At least that's the way I'm going to look at it!!) Thanks again David. Kind Regards Bev

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