RE: [CANSLIM] CANSLIM with TA

From: "Jeff Bogatay" <jeff@bogatay.com>
Subject: RE: [CANSLIM] CANSLIM with TA
Date: Mon, 4 Nov 2002 11:06:34 -0500
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The MACD histogram is a standard indicator available in most (if not
all) charting packages as well as the online charting sources.  If you
are already familiar with the MACD, the histogram is basically the
difference between the MACD and the signal plotted as a histogram.
 
A decent explanation of MACD is available here:
http://clearstation.etrade.com/education/trending.shtml
 
A shorter version is here:
http://www.equis.com/Education/TAAZ/?page=66
 
 

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Sol Mayer
Sent: Monday, November 04, 2002 10:50 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] CANSLIM with TA



where do you find the macd histogram also where can I find a good
definition of what it is? 


 John Solarno <workvirt@workvirtual.com> wrote: 


I personally rely on the MACD histogram. I maintain a database of stocks
gleaned from various sources (IBD, VectorVest.) As soon as I see any
stock cross the zero line headed upwards, I pay VERY close attention for
the next day or two and if it continues to climb with strong volume, I'm
in. Conversely, as soon as the histogram starts heading back down
towards zero, I unload. 

I have never managed to get the hang of the cup-with-handle formation.
I don't have the mental discipline, I fear, for calculating pivot points
and base depths. Don't misunderstand, I still look for those illusive
cups, but I find a MACD histogram is easier to spot and, therefore,
something I use more frequently.

John

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of
michael_niemotka@baxter.com
Sent: Thursday, October 31, 2002 8:05 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] CANSLIM with TA

I was wondering, by a show of hands, how many of the group members use
some
other form of technical analysis besides the price volume chart action
described by WON .
Since the chart reading can be very subjective, do any of you use MACD
cross overs, or Point and figure charts to confirm a breakout, or
possible
sell sign for a stock?

Thanks

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



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<HTML><HEAD><TITLE>Message</TITLE>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Dus-ascii">
<META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR></HEAD>
<BODY>
<DIV><SPAN class=3D641505915-04112002><FONT face=3DArial color=3D#0000ff =
size=3D2>The=20
MACD histogram is a standard indicator available in most (if not all) =
charting=20
packages as well as the online charting sources.&nbsp; If you are =
already=20
familiar with the MACD, the histogram is basically the difference =
between the=20
MACD and the signal plotted as a histogram.</FONT></SPAN></DIV>
<DIV><SPAN class=3D641505915-04112002><FONT face=3DArial color=3D#0000ff =

size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D641505915-04112002><FONT face=3DArial color=3D#0000ff =
size=3D2>A=20
decent explanation of MACD is available here:</FONT></SPAN></DIV>
<DIV><SPAN class=3D641505915-04112002><FONT face=3DArial color=3D#0000ff =
size=3D2><A=20
href=3D"http://clearstation.etrade.com/education/trending.shtml">http://c=
learstation.etrade.com/education/trending.shtml</A></FONT></SPAN></DIV>
<DIV><SPAN class=3D641505915-04112002><FONT face=3DArial color=3D#0000ff =

size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D641505915-04112002><FONT face=3DArial color=3D#0000ff =
size=3D2>A=20
shorter version is here:</FONT></SPAN></DIV>
<DIV><SPAN class=3D641505915-04112002><FONT face=3DArial color=3D#0000ff =
size=3D2><A=20
href=3D"http://www.equis.com/Education/TAAZ/?page=3D66">http://www.equis.=
com/Education/TAAZ/?page=3D66</A></FONT></SPAN></DIV>
<DIV><SPAN class=3D641505915-04112002><FONT face=3DArial color=3D#0000ff =

size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D641505915-04112002><FONT face=3DArial color=3D#0000ff =

size=3D2></FONT></SPAN>&nbsp;</DIV>
<BLOCKQUOTE style=3D"MARGIN-RIGHT: 0px">
  <DIV></DIV>
  <DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
  face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
  <B>On Behalf Of </B>Sol Mayer<BR><B>Sent:</B> Monday, November 04, =
2002 10:50=20
  AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE: =
[CANSLIM]=20
  CANSLIM with TA<BR><BR></FONT></DIV>
  <P>where do you find the macd histogram also where can I find a good=20
  definition of what it is?=20
  <P>&nbsp;<B><I>John Solarno &lt;workvirt@workvirtual.com&gt;</I></B> =
wrote:=20
  <BLOCKQUOTE=20
  style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px =
solid">I=20
    personally rely on the MACD histogram. I maintain a database of=20
    stocks<BR>gleaned from various sources (IBD, VectorVest.) As soon as =
I see=20
    any<BR>stock cross the zero line headed upwards, I pay VERY close =
attention=20
    for<BR>the next day or two and if it continues to climb with strong =
volume,=20
    I'm<BR>in. Conversely, as soon as the histogram starts heading back=20
    down<BR>towards zero, I unload. <BR><BR>I have never managed to get =
the hang=20
    of the cup-with-handle formation.<BR>I don't have the mental =
discipline, I=20
    fear, for calculating pivot points<BR>and base depths. Don't =
misunderstand,=20
    I still look for those illusive<BR>cups, but I find a MACD histogram =
is=20
    easier to spot and, therefore,<BR>something I use more=20
    frequently.<BR><BR>John<BR><BR>-----Original Message-----<BR>From:=20
    =
owner-canslim@lists.xmission.com<BR>[mailto:owner-canslim@lists.xmission.=
com]=20
    On Behalf Of<BR>michael_niemotka@baxter.com<BR>Sent: Thursday, =
October 31,=20
    2002 8:05 PM<BR>To: canslim@lists.xmission.com<BR>Subject: [CANSLIM] =
CANSLIM=20
    with TA<BR><BR>I was wondering, by a show of hands, how many of the =
group=20
    members use<BR>some<BR>other form of technical analysis besides the =
price=20
    volume chart action<BR>described by WON .<BR>Since the chart reading =
can be=20
    very subjective, do any of you use MACD<BR>cross overs, or Point and =
figure=20
    charts to confirm a breakout, or<BR>possible<BR>sell sign for a=20
    stock?<BR><BR>Thanks<BR><BR>Mike<BR><BR>Mike Niemotka , PE<BR>Sr. =
Principal=20
    Engineer<BR>Baxter Healthcare Corporation<BR>Route 120 &amp; Wilson=20
    Road<BR>Round Lake, IL 60073<BR>Tel (847) 270-4075<BR>Fax (847)=20
    270-4525<BR>michael_niemotka@baxter.com<BR><BR><BR><BR>-<BR>-To=20
    subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the =
email body,=20
    write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use =
quotes in=20
    your email.<BR><BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email =

    "majordomo@xmission.com"<BR>-In the email body, write "subscribe =
canslim"=20
    or<BR>-"unsubscribe canslim". Do not use quotes in your =
email.</BLOCKQUOTE>
  <P><BR>
  <HR SIZE=3D1>
  Do you Yahoo!?<BR><A=20
  href=3D"http://rd.yahoo.com/careers/mailsig/*http://www.hotjobs.com =
">HotJobs</A>=20
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