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Technology Stocks : Egghead Computer (EGGS)

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To: Anaxagoras who wrote (6928)3/4/1999 3:41:00 PM
From: Bald Eagle  Read Replies (2) of 8307
 
<<What I don't understand here is why you are using the 8-17-9 which is used for sell signals instead of
the 8-17-9 which is what is usually used for generating buy signals.>>
Huh? What's the difference between the first 8-17-9 and the second 8-17-9?
The Moving Average Convergence/Divergence is a good medium term indicator developed by George Appel that signals overbought and oversold conditions by measuring the intensity of
public sentiment. Use the crossover of the fast moving average through the slower moving average to arrive at buy or sell signals. MACD is especially valuable when used in conjunction
with a momentum indicator such as Stochastic or RSI. Since MACD is a sensitive indicator of public sentiment it can be applied to mutual funds as well as stocks and some technicians
believe a 8-17-9 MACD is best for entering long positions and 12-25-9 for exiting them.

In case you didn't know "entering long positions" means "buying" i.e. 8-17-9 is best for buy signals.
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