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To: freeus who wrote (18481)	1/25/2001 3:16:03 AM
From: Walkingshadow	Respond to of 19374

Hi freeus, Glad to be of some help. << What do you screen for, to get the kind of stock with a "buy" MACD signal that you showed on cpn a few days ago? >> I don't look at MACD as a buy signal, because it tends to be a late signal, confirming earlier signals appearing in the other technicals, chart, and candles. The exception to this is when the MACD histograms are very deep. That's something I pay attention to, because the longer (or higher) the histograms away from the reference, the harder they "snap back" to the reference, and the stronger the move tends to be, as long as OBV is reasonably high. That's when the histogram slope tends to be accelerating, rather than linear. I didn't employ any screen to find CPN. It's a stock I've owned in the past, and I like the company and its future. The sector has drawn attention from the Street, and whenever a sector has money flowing into it, the technicals will be more powerful indicators. Likewise, when money is flowing out of a sector, the technicals will not do so well. So, I was just scanning charts from the power sector, which I keep tabs on from time to time. The particular companies I like include SYXI, CPN, IRF, AMSC, APCC, FCEL, BCON, EMR, CPST, PWER, and secondarily PRTN, PLUG, and BLDP. I was particularly looking for one whose technicals were lagging the rest of the sector by a half day or so. From time to time I've used various screens, but lately I haven't. Hope this helps, WS

To: freeus who wrote (18481)	1/25/2001 3:44:51 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 19374

freeus, Here's one from my previous post which I've been waiting for again----CPST. Absolutely dy-no-mite company, but lately been on a tear. Now, it has corrected back to it's moving averages, which is exactly what I was hoping it would do. askresearch.com I expect it will rebound nicely off these averages, perhaps tomorrow. See that William's just starting to hook upwards? Now look at the 5-3-3 stochastic..... see the "trendline" formed when you connect the bottoms (i.e., oversold points)? Now look back in the chart to where this has happened previously, and you'll see that this is a pattern with CPST---an upsloping "oversold trendline", and a marker for a stock gaining in strength. Also, look at the size of the MACD histograms now, and compare that with the size of the histograms during the previous rally........... Entry point would be when it trades above the HOD from today, or 39 1/2. CPST is at a critical juncture relative to its moving averages. Flip back and forth from the short term (10, 20, 50 ema) to the long term (50, 100, 200 ema) averages, and you'll see what I mean. But it is a top-notch company in the right sector at the right time, and their biggest problem has been that they can't make product fast enough. But they just opened a huge new manufacturing facility.......interestingly enough, though it is located in California, they will likely never be affected by blackouts because part of their plant is entirely off-grid, powered only by the microturbines they manufacture! That's putting your money where your mouth is..... And, as you know, there has been increasing market interest in the sector. CPST's 10 day average volume is almost twice the 3 month average volume. biz.yahoo.com JMVHO, as always.......... WS