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To: Anaxagoras who wrote (6928)	3/4/1999 3:41:00 PM
From: Bald Eagle	Read Replies (2) \| Respond to 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.

To: Anaxagoras who wrote (6928)	3/5/1999 1:45:00 AM
From: SkyDart	Read Replies (1) \| Respond to of 8307

Whether you use 8-17-9 or 12-25-9, the bullish divergence persists. Appel developed the moving average convergence-divergence indicator and originally recommended one for sell signals and the other for buy signals. Some play with the numbers to customize the MACD. Read Murphy, The Visual Investor or Elder on this. The bottom line is that in practice it makes no difference whether you use 12-25-9 or 8-17-9 and the more experience you develope with using these in conjunction with oscillators, the more you will realize this. The most important signal is the Bullish divergence indicating an imminent short term trend reversal. Elder describes this best in his books. If Kip is a good contrary indicator, and by the sound of his posts he is, we should see a big up move soon. Dart