RT Journal Article
SR Electronic
T1 Become Your Own Technical Analyst
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 27
OP 36
DO 10.3905/jwm.2003.320471
VO 6
IS 1
A1 Gerald Appel
YR 2003
UL https://pm-research.com/content/6/1/27.abstract
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.