RE: [CANSLIM] CANSLIM with TA

From: michael_niemotka@baxter.com
Subject: RE: [CANSLIM] CANSLIM with TA
Date: Mon, 4 Nov 2002 09:52:00 -0600
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John,

From what little I know about TA, I think the MACD could be pretty useful
too.  As I continue to learn about the cwh patterns, it would be nice to
have a way to "check" the chart with TA, so that if you see a breakout that
fails, maybe you could have seen it coming based on the MACD signals.


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


                                                                                                                            
                    "John Solarno"                                                                                          
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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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