PT - JOURNAL ARTICLE AU - Gerald Appel TI - Become Your Own Technical Analyst AID - 10.3905/jwm.2003.320471 DP - 2003 Apr 30 TA - The Journal of Wealth Management PG - 27--36 VI - 6 IP - 1 4099 - https://pm-research.com/content/6/1/27.short 4100 - https://pm-research.com/content/6/1/27.full AB - The author first observes that investment scandals and the dot.com fallout have wreaked havoc on the U.S. equity market since 1999. Dow components have fallen to depths many would never have imagined after incredible growth in the 1990s. Further, because of increased trading volatility, many investors have fueled their strategies in the market based on feelings instead of facts. The Moving Average Convergence-Divergence indicator or MACD, however, is a technical analysis tool that can be used to determine future trends in the stock market by using actual stock market activity to establish patterns of strength and weakness. The author and inventor of this tool describes the process of charting these averages using actual snapshots of market performance to help investors make better-informed decisions about their buy-sell-hold actions.