[CANSLIM] Use of ADX and MACD with CANSLIM/chart reading

From: "Tim Katona" <tkat17@earthlink.net>
Subject: [CANSLIM] Use of ADX and MACD with CANSLIM/chart reading
Date: Fri, 5 Sep 2003 08:30:53 -0700

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Hi,
I 've seen two indicators that some traders use extensively:
1. ADX indicator
2. MACD

WON does not mention them in any of his books, nor IBD. I read in Elder about them and added them to my real time stock quoting screen but am not clear about their use with handles and pivot points. 

Can anyone who uses these shed some light on why these are important to you and how they can help CANSLIM investors select buy/pivot points better? Are they a primary or secondary indicator to solid breakouts? Or point me in the right direction for discussions/writings of how these indicators and CANSLIM/handles/pivot points are complementary?
Thanks in advance,
Tim
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<DIV><FONT size=3>Hi,</FONT></DIV>
<DIV>
<DIV><FONT size=3>I&nbsp;'ve seen&nbsp;two indicators that&nbsp;some&nbsp;traders&nbsp;use extensively:</FONT></DIV>
<DIV><FONT size=3>1.&nbsp;ADX indicator</FONT></DIV>
<DIV><FONT size=3>2. MACD</FONT></DIV>
<DIV><FONT size=3></FONT>&nbsp;</DIV>
<DIV><FONT size=3>WON does not mention them in any of his books, nor IBD.&nbsp;I read in Elder about them and added them to my real time stock quoting screen but am not clear about their use with&nbsp;handles and pivot points. </FONT></DIV>
<DIV><FONT size=3></FONT>&nbsp;</DIV>
<DIV><FONT size=3>Can&nbsp;anyone who uses these&nbsp;shed some light on why these are important to you and how they can help CANSLIM investors select buy/pivot points better? Are they a primary or secondary indicator to solid breakouts? Or point&nbsp;me in the right direction for discussions/writings of how these indicators and CANSLIM/handles/pivot points&nbsp;are complementary?</FONT></DIV>
<DIV><FONT size=3>Thanks in advance,</FONT></DIV>
<DIV><FONT size=3>Tim</FONT></DIV>
<DIV>&nbsp;</DIV></DIV>
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