Review of DJ INDX FUTURE 2/25/2008

Turtle Directional Movement
Review of DJ INDX FUTURE 2/25/2008


• Open 12,312.0000
• High 12,410.0000
• Low 12,160.0000
• Close 12,395.0000
• Change 74.0000 (0.60%)



Directional Indicator Table

Today's Value Previous Value

+DI 15.000 17.000
-DI 25.000 24.000
ADX 30.000 30.000
ADXR 33.000 33.000

Summary


The last signal was a Sell 45 period(s) ago.

This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in futures trading. The Turtle Trader accepts no liability whatsoever for any loss arising from any use of this commentary or its contents.

PART 1: How do you know if a market is trending?

Part I

How do you know if a market is trending?

My recent survey done with fellow traders shows that a trend could be spoken of as....

1. A price move in the market over any specific period of time.
2. A series of new highs and higher lows or of new lows and lower highs.
3. Trending indicator showing a long or short signal.
4. Up-move or down-move.
5. Elliott Wave formation.
6. Astrological occurrence.
7. Fundamental news item.
8. My stockbroker’s next hot tip on a stock.
9. My coin flipping strategy.
10. My throw-a-dart-on-the-“stock” board strategy….

While some answers are humorous, some foolish, and others technical, which is correct?

Well, based on dictionary definition:

The relatively constant movement of a variable throughout a period of time. The period may be short-term or long-term, depending upon whether the trend itself is short-term or long-term. For example, a rising market is taken to mean that prices of most stocks are in an upward trend.

So there you have it, the definition of a trending market!

Happy Trading!