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Strategies & Market Trends : Technical Analysis - Beginners

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To: TA2K who wrote (9747)	3/5/1999 12:59:00 PM
From: David R. Evans	Read Replies (2) of 12039

I use three MACDs, (8-17-9), (12 or 13-26-9), and (13-34-89). Each will give you a different entry and exit so it depends on your desired time frame for the trade..... I use (8-17-9) and one of my entry signals along with StochRSI(14). The MACD(12-26-9) will usually turn long a day or so later. I then wait for the (13-34-89) which usually takes a week or so to join the party. Now I can use any one of the three MACD's as my exit. The (8-17-9) will turn down first most of the time so I can then check my other indicators to see if I want to jump ship right then or give it a day or so to turn back up. Next will come the (12-26-9) or the (13-26-9) as they are just about the same and I use them interchangeably. Now I have a stronger sense that at least for the shorter term, this stock is turning down........ If I like the general climate of the Market and really want to give this stock plenty of room to turn, I will stay in and wait for the (13-34-89)...... There are very few times I will ever stay in a stock once the (13-34-89) has turned south.. Dave Evans

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