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To: goldsheet who wrote (87572)6/30/2002 11:53:14 AM
From: Gary H  Read Replies (2) | Respond to of 116795
 
Thanks for the charts Bob, I should say that in my post on MACD, I was not refuting what you had to say about P&F, I use them a lot myself. The purpose was to demonstrate to LG that the markets via the MACD show an awareness of the overall situation since they work on 3 exponential moving averages. Of course this won't account for someone dropping a big bomb on someone this afternoon or tomorrow, but I feel that the markets are usually right and in turn show up in the TA.



To: goldsheet who wrote (87572)6/30/2002 12:07:12 PM
From: Gary H  Read Replies (2) | Respond to of 116795
 
In addition to you mention of MACD being a good sell indicator, I can verify that since it was the MACD that got me out of NT at $123.50 after hitting a high of $124.50. My only regret is that I didn't short it at that time. A good write-up on MACD can be found in Dr. Alexander Elder's book "Trading for a Living" which I have found very useful. This book BTW, was recommended to me by a course instructor at C.S.T.A.
Cheers,


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