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<DIV><FONT color=#000000 size=2>Robert,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2> I
haven't down loaded today's data and looked at the charts yet, but it has to
have broke the down trend line caused by the 7/13 high an the following
day. The problem I have right now is that I'll have to close an existing
position to get the cash to open a new position in EGGS. However, I've had
such good luck with EGGS in the past that I just might do that. I'll let
you know later tonight or tomorrow.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Robert C. Richmond <<A
href="mailto:rcrich@xxxxxxxxxxxx";>rcrich@xxxxxxxxxxxx</A>><BR><B>To:
</B>metastock@xxxxxxxxxxxxx
<<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Tuesday, November 24, 1998 8:02 PM<BR><B>Subject: </B>Re: EGGS
<BR><BR></DIV></FONT>Jim -<BR><BR>With Eggs hitting 20 and then closing at
18 3/4 today, do you think wise<BR>to jump back in and go for your original
target?<BR><BR>Jim Greening wrote:<BR><BR>>
All,<BR>> I checked my portfolio quickly at
lunch time. I saw that EGGS<BR>> was trading above my mental target
and NR below my mental stop.<BR>> Therefore, I closed both of them out at
a great profit. I'll look for<BR>> replacements this weekend.
I still like EGGS so I'll jump back in if<BR>> it breaks through
resistance by closing above 15 or if it pulls back<BR>> to the bottom of
the short term up trend channel.<BR>><BR>>
JimG<BR></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Nov 26 01:28:45 1998
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From: "Ed Middleton" <jgelfand@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: MACD periods, QP scans
Date: Wed, 25 Nov 1998 19:50:24 -0500
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Brooke,
Your completely right. The canned formulation is different that QP2 and the
equation below. Let me get this straight. The canned MACD is MS is
actually the true MACD equation but most people use the version of the
equation below (i.e. the QP2 version)?
I assume that most people use the equation below because it probably is much
simpler to use and program.
thanks again,
Ed
-----Original Message-----
From: Brookemail@xxxxxxx <Brookemail@xxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: November 25, 1998 2:12 PM
Subject: MACD periods, QP scans
>Ed: Try this formula for MACD, so you can use periods other than the 12, 26
>and 9 in Metastock's canned formula:
>
>period1:=13;
>period2:=34;
>period3:=89;
>Mov(C,period1,E) - Mov(C,period2,E);
>Mov((Mov(C,period1,E) - Mov(C,period2,E)),period3,E)
>
>The first one is the MACD:
>
>Mov(C,period1,E) - Mov(C,period2,E);
>
>The second one is the signal line:
>
>Mov((Mov(C,period1,E) - Mov(C,period2,E)),period3,E)
>
>You can get the values for QP's MACD histogram in this Metastock formula:
>
>period1:=13;
>period2:=34;
>period3:=89;
>(Mov(C,period1,E) - Mov(C,period2,E))-(Mov((Mov(C,period1,E) -
>Mov(C,period2,E)),period3,E))
>
>The MACD histogram is just MACD minus the signal line. It's an oscillator
that
>shows when MACD crosses the signal line. The crossing point is zero.
>
>Try these periods for MACD:
>
>13, 34, 89
>
>5,35,4
>
>8, 17,9
>
>The first one (13,34,89) is a good longer-term MACD. The second (5,35,4) is
a
>good shorter-term one.
>
>Here's a QP scan that gives MACD values (for variable periods). Put in the
>periods you want:
>
>a:=8;
>b:=17;
>c:=9;
>
>Here's the scan:
>
>//MACD (Variable): Get values for MACD(0);
>//MACDSignal(0); Histogram; and Histogram Percent +/-
>//by Brooke
>
>output="macd.lst";
>//input="portfoli.lst";
>issuetype=common;
>exchange nyse,nasdaq,amex;
>DaysToLoad=500;
>
>integer a, b, c;
>float histogram, histogramprev, percentchange;
>
>a:=8;
>b:=17;
>c:=9;
>
>Set MACD = a,b,c;
>
>histogram:=MACD(0)-MACDSignal(0); //this creates oscillator to look
>//for macd crossing its signal line; 0 represents crossing point
>histogramprev:=MACD(-1)-MACDSignal(-1); //yesterday's value
>
>percentchange:=((histogram-histogramprev)/abs(histogramprev+.0000001))*100;
>
>
>println Symbol:-3, ",", "Close: ":-3,Close(0):7:3,"," ,
> " MACD ", ",", MACD(0):7:4,"," , " MACDSignal ", ",",
> MACDSignal(0):7:4,"," , " Histogram ", ",", histogram:7:4,
>" Histogramprev ", ",", histogramprev:7:4,
>" Histogram percent +/- ", ",", percentchange:7:4;
>
>***********************
>
>Here's a scan that looks for MACD crossing the signal line:
>
>//MACD Crossing Signal Line (variable)
>//crossing signal line (variable), by Brooke
>
>output="macdcross.lst";
>//input="portfoli.lst";
>issuetype=common;
>exchange nyse,nasdaq,amex;
>DaysToLoad=500;
>
>integer a, b, c;
>float histogram, histogramprev, percentchange;
>
>a:=5;
>b:=35;
>c:=4;
>
>Set MACD = a,b,c;
>
>histogram:=MACD(0)-MACDSignal(0); //this creates oscillator to look
>//for macd crossing its signal line; 0 represents crossing point
>histogramprev:=MACD(-1)-MACDSignal(-1); //yesterday's value
>
>percentchange:=((histogram-histogramprev)/abs(histogramprev+.0000001))*100;
>
>if histogram > 0 and
>histogramprev < 0 then
>println Symbol:-3, ",", "BUY , Close: ":-3,Close(0):7:3,"," ,
> " MACD ", ",", MACD(0):7:4,"," , " MACDSignal ", ",",
> MACDSignal(0):7:4,"," , " Histogram ", ",", histogram:7:4,
> " Histogram percent +/- ", ",", percentchange:7:4;
>endif;
>
>
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