Kci is still bearish as of close friday although a little demand is working itself back in. I expect it to make a lower low monday.
HUM should make a higher high on monday 31st October than Fridays 28th's high. It is somewhat bullish.
CVX should head north monday October 31st. It probally will make a higher high than friday's 28ths high.
LYO should basically track sideways monday. However it might make a small higher high than Fridays high.
It is easier to make the call after the fact!! Just kidding. What I meant was that Monday it should continue to retrace and head south some more. Sorry about that! All the calls I am making refer to monday 31st of October even though I am refering to a post made on 26th or 27th ..etc. I am simply saying what I think may happen monday. Since the post refered to a specific stock on the 26th I simply referenced that post, whoever made it. That is all. I am not trying to make a call as if I were making it from the 26th. I am looking at the market AFTER the close on Friday 28th and making a forecast for monday 31th of October. This stands for all the calls I am making in KCI, HUM, VZ, BRCM, LYO and any others. They are ALL for monday 31st October. Hope that clears it up!
I have my own software that analizes pure price action. I also compare that analysis with tape reading techniques that I use.
Multi: I found this older thread discussing an ADX trading system. Did you follow it? Comments? http://elitetrader.com/vb/showthrea...e=6&highlight=dmi\[\^\\s\][^\s]*&pagenumber=1 nyc-hotshot's first post describes the system: "08-22-03 07:36 PM I had mentioned the DMI in a Stochastics thread and got like 10 people mailing me about it, so I figured the best way to discuss it would be a new thread. Anyway, I use the DMI/ADX almost exclusively (DMI is the Directional Movement Index & ADX is the Average Directional Movement Index ). The only additional indicator I use is Nasdaq futures. I have used this theory for day trading for several years and I consistently make money. I am profitable almost everyday, although I have had a few ( very seldom) net negative days when you count commissions. DMI/ADX works great for any trading from day trading to swing or position trading. I combine the ADX/DMI onto one study. I make the ADX line white in color, the PDI line red, and the MDI line green. I use the PRO software offered by Realfasttrader. That software makes it real easy because it already combines ADX/DMI into one indicator. Although, I'm pretty sure most softwares out there also have DMI/ADX (it's very common), I think it's easiest to use when they are combined. This is how I do it: When white (ADX) crosses the other lines and is at the top and green (MDI) is at the bottom (red in the middle), it's a buy. White on top red (PDI) on the bottom (green in the middle), it's a sell. Often the simplest things work best and this seems simple and it is, but it works very good. I consistently make between .02 -.05 cents on 2000 - 5000 share trades. I usually go for more around the open (maybe .05-.10 or more). I ONLY trade widely traded Nasdaq stocks, like CSCO and INTC."