The MACD method, developed by Gerald Appel, is a trending indicator, telling us whether a stock is in an uptrend or a downtrend. The direction of the long-term trend is the first assessment you should make of any market. If it is trending up, you want to be long (buying). If it is trending down, you want be short (selling). Continue reading: http://www.chartfilter.com/reports/c22.htm All MACD reports/articles: http://www.chartfilter.com/education/indicators/18.htm New to Technical Analysis? Learn technical analysis here! What is Technical Analysis? http://www.chartfilter.com/education/technicalanalysisbasics/what_is_technical_analysis.htm Short History of Technical Analysis http://www.chartfilter.com/education/technicalanalysisbasics/history_of_technical_analysis.htm Introduction to Dow theory http://www.chartfilter.com/education/technicalanalysisbasics/intoduction_to_dow_theory.htm Trendlines http://www.chartfilter.com/education/technicalanalysisbasics/trendlines.htm Support and resistance lines http://www.chartfilter.com/education/technicalanalysisbasics/support_resistance.htm More technical analysis indicators: http://www.chartfilter.com/education/technicalanalysis.htm For video's on strategies and how-to guides see: http://www.chartfilter.com/video.htm Subscribe to our monthly technical analysis educational newsletter, an excellent resource for the traders. Sign up here: http://www.chartfilter.com/archivednewsletter.htm Free indices: Dow: http://www.chartfilter.com/indices/dow/dowindices.htm NASDAQ: http://www.chartfilter.com/indices/nasdaq/nasdaqindices.htm NYSE: http://www.chartfilter.com/indices/nyse/nyseindices.htm AMEX: http://www.chartfilter.com/indices/amex/amexindices.htm TSE/TSX: http://www.chartfilter.com/indices/tse/tseindices.htm StockTools and StockScreener: Technical and fundamental screens, charts, alerts, portfolio, signal reports and more: http://www.chartfilter.com/products.htm http://www.chartfilter.com Technical Analysis and Stock Tools