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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH

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To: flickerful who wrote (1251)	11/19/1997 9:29:00 AM
From: stan s.	Read Replies (1) of 1391

CYMI and the MACD. This chart shows why the MACD is such a relaxing indicator. geocities.com With the exception of some whipsaw action in August it has only given 7 total signals of the cross of it's own dotted line. (the trigger line at 0 can be used as well but not for this discussion) The vertical lines show the signals. Green indicates a buy, red..a sell. Note the action of the security until the reverse signal occurs, it's been very accurate mid term...that's why I mention MACD's so often. You can often "beat" these signals with the help of other indicators. One that often lags the more erratic momentum indicators but can lead the MACD is a simple cross of the 21 day MA by the 10 day MA. That has not yet happened in CYMI's case...you might be able to see them in the lower right hand corner. The dark yellow(10) is close to crossing the dark blue (21). In the case of a downtrodden stock like CYMI... you might want to wait for a little more confirmation...mid term...short term..a little different story. Gotta go..market's opening. Stan

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