Re: [CANSLIM] Use of ADX and MACD with CANSLIM/chart reading

From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] Use of ADX and MACD with CANSLIM/chart reading
Date: Fri, 5 Sep 2003 10:45:06 -0500

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Tim,

I use MACD as a secondary confirmation of a buy point, and many times (in
my limited experience) the MACD signal line shows a buy prior to the actual
breakout. On the sell side, I watch the price volume action, and use the
MACD line again as a secondary indicator.

Hope that helps

Mike


Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com


                                                                                                                            
                    "Tim Katona"                                                                                            
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                    09/05/2003 10:30 AM                                                                                     
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Hi,
I 've seen two indicators that some traders use extensively:
1. ADX indicator
2. MACD

WON does not mention them in any of his books, nor IBD. I read in Elder
about them and added them to my real time stock quoting screen but am not
clear about their use with handles and pivot points.

Can anyone who uses these shed some light on why these are important to you
and how they can help CANSLIM investors select buy/pivot points better? Are
they a primary or secondary indicator to solid breakouts? Or point me in
the right direction for discussions/writings of how these indicators and
CANSLIM/handles/pivot points are complementary?
Thanks in advance,
Tim






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