Pro Demo Guide

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Table of ContentsIntroduction.... . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . .. . . . .2Getting Started...................................................................................................3

Charts... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4List Mgmt Tools........................................................................................5Analysis... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6Preset ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8Layouts.... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11

Chart Suite .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13How It Works .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14Hot Trio Display........................................................................................15Ticker Tape..............................................................................................15Alerts & Positions......................................................................................17Sorting & Ranking.....................................................................................17Headlines and News Stories..........................................................................18News Search.... . . . . .. . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . .18MarketPulse Reports...................................................................................19QuickQuote..............................................................................................20

Viewing Information............................................................................................21Creating Charts.........................................................................................21Chart Appearance.......................................................................................24

Point & Click Interface ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... 25Preference Dialogs ..... .... ..... ..... ..... ..... ..... ..... ..... .... ..... ..... ..... ..... ..... ..... ..... ..27Drop Lines .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .33AutoRun..... . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .33Quote Monitor Revisited...............................................................................34

Data Management................................................................................................35Adding & Deleting From Your List..................................................................35The Dialog...............................................................................................36Adding an Option Series............................................................................37Adding a Series of Futures Contracts.............................................................38Organizing your List...................................................................................39Keyboard Data Entry...................................................................................40Editing Data.............................................................................................40

Deleting Data............................................................................................40Deleting Securities......................................................................................41Stock Splits & Futures' Rollovers ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .43

Special Features ..... ..... .... ..... .... ..... .... ..... .... ..... .... ..... ..... ..... .... ..... .... ..... .... ..... .... .45Layouts.... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .45Chart Suite .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46Candle Pattern Identification & Alerts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .46Pivot Point Alerts.......................................................................................47Trade Tracking..........................................................................................47Automatic Alerts........................................................................................48Alert Sounds.... . . . .. . . . . . . . . . . . . .. . . . . . . . . . . . . .. . . . . . . . . . . . . .. . . . . . . . . . . . . .. . . . . . . . . . . . . .. . . . . . . . . . . . . .48Calculator.... . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . . .. . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . . . .. . . . . . . . . . . . .. . . . . . . . .49Trader's Journal........................................................................................50Time & Sale.............................................................................................50Online Versus Offline..................................................................................51Maintaining Multiple Lists.............................................................................51

Technical Analysis and Charting ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 52Introduction to Technical Analysis...................................................................52Bar Charts and Trend Identification..................................................................54Pattern Identification...................................................................................58

Gaps and Other Major Reversal Patterns........................................................58Continuation and Indecision Patterns............................................................61

Japanese Candle Charts................................................................................61Point & Figure..........................................................................................62Technical Tools.........................................................................................65


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Momentum Studies................................................................................65Volatility Studies...................................................................................77Directional Studies.................................................................................80Trend Studies.......................................................................................84Volume Studies ..... ..... .... ..... ..... ..... ..... ..... ..... ..... .... ..... ..... ..... ..... ..... ..... .91

Reference Section ..... ..... ..... ..... .... ..... .... ..... .... ..... ..... ..... .... ..... .... ..... ..... ..... .... ..... .97File Menu..... . . . . .. . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . . . . . . . . . .. . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . . . .97Edit... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .99Charts... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .101

Analysis ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .101Windows..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .102List Mgmt .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103Special... . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .104Special Keys and Key Combinations................................................................105Appendix A Glossary..................................................................................107Appendix B Suggested Reading List.................................................................111Appendix C Futures Contract Information..........................................................112Appendix D Index and Other Special Symbols.....................................................113Appendix E Support ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ...11 4

Index.... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .116


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IntroductionAbout Professional Analyst

Turn Your Mac Into a Professional Trading StationPro Analyst brings each market to life with an easy-to-read quote monitor, personal tickertape, headline news, and easy-to-follow graphics. Custom layouts "remember" every aspect of

your personal design. With unlimited charts per layout and dozens of indicators per chart, thecombinations are endless. Shift from one layout to another instantly. Pro Analyst will get youfrom point A to B to C before the competition has even warmed up.

What good is real-time data if you have to wait to display it? Fast, reliable, precise intradaycharts that update as the market moves, regardless of time frame, allowing you to react asconditions change. Over 30 technical studies, custom layouts, news, personal ticker tape andmore. Track your choice of symbols, stocks, futures and options, trade by trade, minute byminute as the action happens, like having your own personal seat on the exchange!

The Sophisticated Simplicity You Need

Designed by traders for traders, Pro Analyst provides utility beyond comparison. Beyondsimple charting, Pro Analyst includes intelligence features like our DayTrader system,automatic trend identification and candle pattern recognition. No other program with thismuch power and sophistication has ever been this easy to set up and use and...Pro Analystmakes real time really affordable.

Easy to use, fast, reliable and precise, everything you'd expect from a package developedexclusively for the Macintosh. Whatever trading objectives you'd like to reach, Pro Analystputs them firmly within your grasp

Secured OrderingOrder online at http:// www.trendsoft.com or give us a call, 800-825-1852.

How is the Demo Version Different?

The most significant difference is that data in the demo version is static. We recorded data fora limited period (roughly 30 minutes) then we play back. The software will respond to yourmenu selections, keyboard strokes and mouse clicks, which allows you to experience using thesoftware during the data playback.

We have disabled the ability to: add securities to our demo watch list; add data to thesecurities that are included; and edit the data that is included. The full version ships on a CDcontaining historical data on thousands of stocks, indices, mutual funds, FOREX data, andcommodities.

The purpose of this demo is not to demonstrate all ofProAnalyst's features and benefits toyou, after all, the full manual contains over 150 pages. We believe we can demonstrate thatsophisticated analysis software can be easy to learn and use. We know, if you to take that firststep and order Pro Analyst, you will become a more successful trader and the longer youuse our software the more you will appreciate its benefits. That's why we back all of ourproducts with a 30 day, money back guarantee.

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1Getting StartedA TourThe purpose of this tour is to demonstrate the mechanics of using Pro Analyst on thesimplest level as well as highlighting some of our unique features. Additional features arecovered in detail elsewhere in this guide. Please feel free to call or e-mail if you have questionsor comments.

We have included sample data for you to work with in this tour.

During this tour you will learn toCreate simple charts.Apply analysis tools to the charts.Customize Charts.Create and use custom layouts.

Double click on the Pro Analyst icon to launch the application. The demo version ofProAnalyst will open with a welcome window. When you close the window, it will automaticallyopen our Watch List which looks something like this...

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The Watch List contains reference to multiple securities of differing types (i.e., indices, stocksand futures). The data contained in these files is real, however, it is not current. This insuresthat the examples you see on your screen will be virtually the same as those shown in thisguide.

Charts

Charts are a tool to analyze an instrument's performance over time. Pro Analyst can displaythat information in a variety of different forms: bar; line; candle; and point & figure. Most ofyou are familiar with bar and candle charts. The time frame of a chart refers to the amount oftime each bar or candle represents. A daily chart can cover months of market activity whereeach point in the chart represents one day.

Under the Chart s menu, you will see most of these charts listed. During this tour we will

create Bar and Candle charts. Double click on the symbol DJI in the Watch List which shouldopen a 5 minute bar chart of the Dow Jones Industrials. Again, the chart covers multiple dayswhere each bar represents 5 minutes of prices.

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Along the top of the chart is a legend displaying the date and numbers relating to the last barin the chart. Point and click on any other bar. The legend at the top of the chart will changeto reflect your selection. Just beneath the legend is a box displaying the current price, the netchange and the high, low and opening prices of the day. The type and time-frame of the chart

and the symbol appear in the window title.

Along the bottom of the chart is a ticker tape which displays quotes received for this symbol.To the right of the tape is a control that allows you to change the chart type. Virtually all ofthe display characteristics of our charts are controllable by you. The default view in the demois a 5 minute bar chart but you can change it to an hourly candle chart or a daily line chart.

While the chart was drawing, Pro Analyst was busy. Take a peek under the Window smenu. The last menu item is new and contains a description of the chart. You can havedozens of charts, all in separate windows or you can reuse a window to view a differentsecurity. As new windows are created, their respective menu item will be added to the

Windows menu. When selected, that window will be brought to the front. When you close awindow, its memory is released and the menu item is removed.

List Mgmt Tools

Lets learn another benefit by example... press the down arrow on your keyboard or selectNext from the List Mgmt menu. Our chart will change from the DJI to the COMPX (i.e., theNasdaq Composite). Press the up arrow or select Previous from the List Mgmt menu andour chart changes back to the DJI. These List Mgmt features allow you to scroll forwards and

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backwards through your List of securities. Our Watch List is not large enough to demonstratethe real value of our sorting and ranking features, however, as your List of securities grows,this feature will become extremely valuable. For now, pull down the Sort & Rank menus(both are located in the List Mgmt menu) to see the categories. Pro Analyst can change theordering of your List based on all of these criteria. We bring this up now because the Nextand Previous functions work with the ordering of the List. As you become familiar with thevariety of features at your fingertips, the flexibility and functionality of our design will becomeapparent. As you learn to use Pro Analyst you will also discover that there are at least twoways to do just about everything. For example, you can sort and rank your List by clickingon the column headings in the List display. You can also move a single security any place inthe List simply by dragging its symbol with your mouse.

Analysis

Lets take a look at the Analysis menu. Since these tools require a chart to be used, they willappear gray unless a chart is the front window. While our chart was drawing, Pro Analystturned on all the menu items in this menu. Each of the tools in this menu was designed toassist you in analyzing the various charts that Pro Analyst can create. A description of how

to use these tools is included in our manual which contains a primer on technical analysis. Fornow, our purpose is to demonstrate how easy it is to add and remove these studies from yourcharts.

Select St ochast ics from the Analysis menu. Stochastics is a study designed to measure themomentum of price movement. Weakening momentum can point to an impending reversal inprice direction, like a car going up a hill. Even though the car continues to move forward wemight be concerned if it can make it to the top if its speed is decreasing.

Technical studies, in our software, are overlaid directly on or below the charts and do not usea separate window. The front (or active) window is used for displaying these studies. Wedesigned the software this way because it makes it easier to compare the study to price bars

of the chart. Your chart should redraw allowing space for Stochastics underneath. A newcolor coded legend appears directly above the study. Again, clicking on any point in the chartwill adjust the legend to reference your click.

Selections in the Analysis menu above the separator line are added below the chart. Thebalance of the Analysis tools are overlaid directly on the body of the chart. Select Trend fromthe Analysis menu. Your chart should now appear as follows

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While we are on the subject of comparing the study to the pricehold the control key down

and drag your mouse across the chart. The cursor will expand to a giant cross hair, and theprice/indicator legends will update to reflect the placement of the cursor. Drop lines(horizontal and vertical) will be left on the chart if the mouse button is released while thecursor is to the left of the scale (i.e., y axis). These lines are automatically stored when youclose the chart and may be removed all at once or one set at a time. To remove all drop lineswith one command, hold the Contro l key down and select Clear from the Edit menu.

To remove an indicator, re-select its menu item from the Analysis menu. Try this withStochastics re-select St ochast ics from the Analysis menu. The chart should redrawwithout Stochastics. You can also preset your charts to initially draw with your choice ofanalysis tools. Lets see how this works.

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Preset

Default St udies (Edit menu) allows you to preset which, if any, technical tools will bedisplayed when you request a specific chart time frame. You can always add and subtracttools from a chart as we have demonstrated. This preference panel allows you to determinehow the initial chart will draw. As you develop favorite indicators, this feature will become atremendous time saver. Virtually every facet of your charts

Select M ACD and Averages, then press OK. MACD is another study used for measuringmomentum. It is an acronym for Moving Average Convergence Divergence (no wonder weuse an acronym). Moving averages are a simple mathematical way of measuring the directionof prices. By comparing multiple averages of different time periods we can determine ifmomentum is growing or declining. This is the theory behind MACD.

Select Watch List Demo from the Windows menu to bring our Quote Monitor to the front.Press the down arrow on your keyboard until SPX is selected. Select Daily from the Chartsmenu. A Daily bar chart of the SPX, with moving averages and MACD will appear.

In the lower right corner of the chart is a popup menu control that changes the chart view.Select Candle from the control to switch views. The chart will redraw with the sameindicators.

Click on this symbol in the lower left of the chart... . Candle charts look better if there is alittle more room between data points. Now move your cursor to the area where the x and y

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axis of the chart meet. The cursor will change to a light bulb (see the picture below) then clickyour mouse. This turns on our candle pattern ID.

Candles that identify patterns are "painted" in a offsetting color. Hold the mouse down on anyof these candles to read a description of the pattern and its meaning. Page numbers are areference to Steve Nison's book on Candlestick interpretation. Pro Analyst can identify 26key candle patterns.

We can also add and/or remove multiple indicators once the initial chart has drawn. SelectWeekly from the Charts menu. Since the top window is a daily chart, Pro Analyst assumesyou want the new chart to be the same symbol. The new chart appears in a new window.Move your cursor horizontally along the date line located at the bottom of the chart.

Note how the cursor changes. Clicking on different points within the date line will allow you

to change the appearance and/or content of the chart. The cursors change to help younavigate and remember where to click. We call this our point and click interface. More aboutthis in a minute. When the cursor is in the form of a triangle or delta ( ), click your mouse. Adialog will appear that allows you to change the indicators displayed on the chart. The maindifference between this dialog and the Pr eset Char t dialog discussed previously is that thesechanges may apply to the active chart only. You should also note that you can change chartparameters for indicators that are not displayed.

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Press Cancel.

As you move the cursor around the graph you will notice that the cursor changes to indicatethe function of our point & click interface.

Clicking with this cursor active displays the information of that bar or candle at the top ofthe graph. This cursor should appear in the main body of the chart as well as the mainbody of sub studies (i.e., Stochastics).

Clicking with this cursor active scrolls the chart backwards in accordance with the whatyou have selected in the Program Defaults dialog. This cursor should appear in far leftcorner of the date line.

Clicking with this cursor active scrolls the chart forwards in accordance with the what youhave selected in the Program Defaults dialog. This cursor should appear in far right cornerof the date line.

Clicking with this cursor active allows you to change the start or end date of the active

chart. This cursor should appear towards the right or left side of the date line.Clicking with this cursor active allows you to change zoom levels. This cursor shouldappear left of center on the date line.

Clicking with this cursor active allows you to change indicators, zoom levels, etc., throughthe Preset Chart Dialog. This cursor should appear right of center on the date line.

Clicking with this cursor active allows you to change upper and lower Y-axis scaling. Thiscursor should appear in the scale area of the main chart.

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Clicking with this cursor active allows you to change indicator smoothing. This cursorshould appear in the scale area of the indicator.

Clicking with this cursor active allows you to edit the data used to create the chart. Thiscursor should appear above the main body of the chart on the information line.

Pro Analyst's graphic windows may be sized, placed and zoomed through normal Macintoshcontrols. In addition, we have defined two controls that operate on multiple-windows as menu

items. Lets see how this works. Select Tile from the Window s menu. The two graphs will re-draw as a split screen. Tile splits the screen according to the number of active windows. In thiscase we have two, so each Window occupies half of the screen. Either chart may be madeactive by clicking on the window or by selection from the Window s menu. Now selectSt ack from the Window s menu. Window placement and size are changed to allowmaximum viewing area while allowing enough space to click on non-active windows. Again,the number of graphic windows will affect size and placement.

Select A Tou r List from the Windows menu. This brings the List display back to the front.Select Apple from within the List then select Bar - Dai ly from the Charts menu. After thechart draws, select Bar - Week ly again.

We have now created four distinct charts. A peek under the Window s menu will remind youwhich charts are in which window. While you're here, select Tile . This time your screen issplit four ways. Click in the Green Zoom control of any of the four windows. The selectedwindow will redraw occupying the full screen. Click the Zoom control again and the Windowredraws in its original size and placement.

As you close each window, Analyst will store the size and placement of the window based onthe security and the content of the window.

LayoutsAs you use the software you are likely to discover that you prefer to view similar securities ina similar way from day to day. Our custom layout and chart suite features were designed toallow you to accomplish this faster and more conveniently. Lets take a look at how thesework. Select Save Layout from the Window s menu. The default Save dialog will look likethis...

Click on the to expand the default view to...

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Just like any other file you create on your Macintosh, layouts must have a unique name.Name the layout My First and press Save . You have just created your first layout. Just likeour Lists, layouts do not contain the charts or even the data necessary to create them. Thelayout files store aliases of the data file or files used to create the charts. This way, as youupdate those files with newer data, the layouts will update as well. The layouts also store otherwindow content information like the type and time frame of the charts and what, if anyanalysis studies were applied to the chart. Finally, the layouts store the windows size andplacement on the screen at the time they were created.

Using your layouts is even easier than creating them. Lets clear our screen and imagine thatthis is a new day. We can close all the open windows at once by using the shift and the optionkeys to modify the Close Window command. Hold the Shif t and Opt ion keys down. Thefourth menu item under the File menu reads Close All . Select this menu item. All openwindows, except the List, will close. The Tour List window should now be the front window.

Menu Modifiers (such as the Shift and Option keys) are not recognized unless the key orkeys are down before pulling down the menu.

Select Def aul t St udies from the Edit menu. Turn off all of the indicators and press OK.

Our daily charts are now set to open without any analysis tools. Now, lets see what happenswhen we open our Layout.

Select Use Layout from the Window s menu. Double click on My Fir st . The four chartswill open, with the same analysis, in the same position and size. These instructions were storedas part of the layout.

The number of layouts is limited only by your disk space and your ability to remember whyyou created the layout to begin with. With that in mind, descriptive names may become very

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important (e.g., Metals Daily). No data is stored in the layout files. If you have created toomany, simply drag them to the trash (from the Finder).

As you open Layouts, they are added to the Recent Layouts menu that appears directlybelow Use Layout in the Windows menu. This makes switching from layout to layout fasterand simpler.

Chart SuiteThe Char t Suit e is a layout without security names so that it can be used on any symbol inyour List with a single keystroke or menu selection.

To use the Chart Suite, select a symbol in your List, then select Chart Suite from the Chartsmenu or press =

The default Chart Suite brings up a daily, weekly and monthly chart. To change the suite,open the charts you want included in the suite (all charts must be based on one symbol), thenselect Chart Suite from the charts menu while the charts are the front windows. Analyst willconfirm that you want to re-define the suite based on the current charts. You can redefine the

suite as many times as you want.

Bring the Apple Bar Daily chart to the front by selecting it from the Windows menu. Moveyour cursor horizontally along the date line area of the chart until the cursor changes to amagnifying glass. Click the mouse. A small window will appear in the lower left portion of thechart showing the current zoom level. Zoom Levels are one way to control the amount ofdata displayed in a chart. Level 1 is the most compressed. Higher levels display less data withmore detail. The maximum zoom will vary with the size of the window. Candle charts lookbest on a zoom level of 5 or 6. Enter a higher or lower number and press return.

In addition to changing zoom levels, Analyst can zoom-in on a particular area of the chart.

Hold the Shif t and Opt ion keys down and drag the mouse over the area of the chart youwould like to zoom in on. When you release the mouse, a new chart will open with just thatarea enlarged.

This concludes our tour. Feel free to experiment with other features of the program using theTour data. Don't worry about making mistakes. You can always re-download the demo. Anddon't forget... we're here 9 a.m. to 6 p.m. every day the markets are open. Please drop us ane-mail, [email protected] or give us a call if you need help.

The balance of this guide contains selected segments from the Pro Analyst manual. Not allfeatures described are available in the demo version.

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2How It WorksOverviewOnce connected, Pro Analyst transmits your List of securities to the server. Every trade thatoccurs on these securities is then sent to the program. What we do with this information andhow you can utilize it is the intent of this chapter.

As the information arrives, Pro Analyst updates the quote monitor, the ticker tape, checksyour alerts and stores the information for charting and analysis. We begin by discussing themonitor...

The dart (delta), appearing to the left of the time, indicates the symbol most recently updated.All times are converted to your local time (assuming your date and time control panel is setup properly). This is the time of the trade, not the time it was reported.

The next column of numbers is the price of the last trade. If the last trade price is down fromyesterday's close, the entire row is displayed in red. Columns that match the last price are

displayed in bold text. A directional arrow appears in between the symbol and the last priceindicating whether the last trade was up, down or the same (no arrow) as the previous trade.These first three columns, time, symbol and price, are locked. All other columns can bemoved to match your needs.

The column labeled represents the net change from the previous day's close. It is possible,even likely, that a security will be trading above its open and still be down for the day.

The next three columns are straight forward... the High and Low represent the highest priceand lowest price traded within the current day. The Open represents the first trade. These

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fields will appear in bold when they match the last trade. This makes it easy to spot securitiestrading at the high or low of the day.

The column labeled Vol contains the total volume of all trades for that security today inhundreds. Pit-traded futures' markets do not report intraday trading volumes so this columnwill contain yesterday's total volume for the specific contract.

Bid and Ask contain the best offers to buy and sell. The respective size of the offers appears in

the columns labeled BSz and ASz. Again, these numbers are in hundreds so a BSz of 4means there is an offer to buy 400 shares at that bid. The Size column will reflect the numberof shares (in hundreds) of the last trade.

The last column, Rank, will only contain information when you have asked the program torank your List by some criteria. The use of this column will be covered later in this chapter.

Hot Trio Display

Inspired by the market index display on CNBC, our "Hot Trio" window (bottom right cornerof your main screen) displays the net change of the top three symbols in your List. The top

three securities are determined when we log on to the server. To affect changes in the middleof a session, log off, then log back on.

The Hot Trio window, and the ticker tape can be "torn off" and placed in other places onyour monitor where they won't be covered up by or interfere with other programs. Placeyour cursor over either display, hold the mouse down and drag. These displays willautomatically return to their default positions whenever you log on to the server.

Ticker Tape

At the bottom of your main screen is a split ticker tape window. Last trade and trade size are

scrolled continuously as they are received. You can slow the ticker down using severaldifferent methods... by turning off groups of securities. For example, you can exclude indicesand options. You can also turn your ticker tape into a block ticker by defining minimumvolumes for stocks and options to appear in the ticker tape. Quotes that are excluded from theticker tape are still displayed in the quote monitor and stored for analysis. Changing the tickertape set up affects the tape only. Prices that match the high or the low of the day appear inbold. The price of securities trading down for the day appear in red.

To redefine the ticker tape, select Tick er Tape from the Edit menu. In our example, wehave instructed the program to exclude all quotes that are not stocks and to include onlytrades of at least 5000 shares (50 x 100). Aler t s & Posit ions Only , would send quotes to

the ticker tape where you have indicated that you have a position or you have set alerts.

Beneath these settings is a menu for defining the default position of the ticker tape. You canhave it at the bottom of your screen or the top of the screen. Dock Aware instructs theprogram to place the ticker tape where the dock will not interfere with it. We recommendsetting the Dock to automatically hide and show which keeps it handy but not intruding onour program (or any others). You'll find this in the Dock Preferences under your Applemenu.

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The lower portion of this dialog allows you to define specific display preferences for the QuoteMonitor. Show Dart s displays a dart (delta) indicating the most recent quote received.Background and Alt Background color choices allow you to set alternating background colors

to help distinguish one row from another. You can also change the default foreground colorsused for distinguishing up and down quotes.

The ticker tape, and the Hot Trio window can be "torn off" and placed in other places onyour monitor where they won't be covered up by or interfere with other programs. Placeyour cursor over either display, hold the mouse down and drag. These displays willautomatically return to their default positions whenever you log on to the server.

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Alerts & Positions

Since we let the cat out of the bag...to set alerts and/or inform the program of your currentposition, select a security in your List, then select Aler ts from the Edit menu. Fill-in youralerts and/or current position then press Next to move to the next security in your List orDone if you are finished.

In our example, we have instructed theprogram to alert us if Alcoa trades below 18and/or if it trades above 25. When Alcoatrades outside of this range, the alert will bedisplayed in the upper portion of the tickertape, an audible alert will be triggered inyour chosen form and the alert will be resetto zero. Alerts that are not triggered arestored and remain active for subsequenttrading days.

We have also indicated that we are holding1000 shares which we bought at 19. Thisinformation can be used to display real-timeprofit/loss updates. To cancel or close out aposition, select No Trade from the pop-upmenu in this window and/or zero thenumber of shares.

Sorting & Ranking

Our sorting and ranking capabilities allow you to quickly organize your List in a variety ofways. These tools have their own sub-menus under the List Mgmt menu and can also beaccessed by holding down your mouse on most of the column headings of your List. TheRank column label contains a pop-up menu as well. Some ranking tools will produce a newcalculation to be displayed in the Rank column. For example, as mentioned in the previoussection, you can rank your List by position size or profits. These calculations will appear in theRank column and update on a real-time basis. Sorting methods that do not use the Rankcolumn, such as Last Sav ed , have no effect on the Rank column. This allows you to rank byprofit, then re-sort by the last saved order without losing the real-time calculation of profit orloss. Clicking on the far left column heading (Time) will sort by the last saved.

Calculations that update real-time include: percent net change (% Net Chan ge ), relationshipto 12 month high and low (YTDH, YTDL), price-earning ratio (P/ E Rat io ), profit or loss(Pro f i t s) and the size of your position (Size).

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Individual Placement

You can also drag and drop individual securities to determine their exact placement within theList. Simply hold your mouse down on the symbol you want to move, then drag the grayrectangular outline on top of any other symbol in the List and release.

Headlines and News Stories

Scrolling, real-time headlines are available from the server on demand. To start the headlinefeature, select Headlines from the Special menu (or press F11). This will open a newwindow titled HeadlineNews and activate thereceipt of headlines.As new headlines arereceived, they areadded to the top of thewindow. Timesaccompanying each

headline are NewYork time. This is oneof the few areas in theprogram where times

are not converted toyour local time.

Each headline alsocontains an identifying5 digit number. Toread the completestory, double click onthe identifying numberor highlight it. Thiswill open a newwindow containing thefull story.

The contents of fullnews story windowsand headline newswindows can be saveas text files that can be

opened offline by anytext editor.

News Search

Did one of your stocks make a surprising move? Select the symbol in your List, then selectfrom the and Pro Analyst will request today's headlines plus

the last 20 historical headlines related to that symbol. The headlines will be displayed in a newwindow.

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MarketPulse Reports

MarketPulse is a real-time service supplying information about market leaders and marketstatistics. The MarketPulse reports are available for each U.S. stock exchange. Reports arealso available relating to options, currencies, world markets and futures. There are almost 100separate reports available. To see current reports, select from the MarketPu lse sub menuunder the Special menu. The program will display the requested reports in the MarketPulse

window. The following Forex currency report is part of the Futures page.Ma r k e t P u l s e : S p o t F o r e x P r i c e s a s o f 1 : 4 7 p m 1 1 / 2 6 / 0 0 P a g e : 9 0 1

D e s c r i p t i o n T k r $ s _ p e r p e r _ $ D e s c r i p t i o n T k r $ s _ p e r p e r _ $

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

A u s t r a l i a n $ C U . A D . 5 2 3 2 0 1 . 9 1 1 3 C h e c h K o r u n a C U . C Z 4 0 . 8 1 0 4 0 . 8 1 0

B e l g i a n F r a n c C U . B F . 0 2 0 7 8 4 8 . 1 3 2 E u S p o t R a t e C U . E U . 8 3 8 1 0 1 . 1 9 3 1

B r i t i s h P o u n d C U . B P 1 . 4 0 0 2 . 7 1 4 1 8 g r e e k D r a c h m a C U . G R 4 0 6 . 0 4 4 0 6 . 0 4

C a n a d i a n $ C U . C D . 6 4 9 8 6 1 . 5 3 8 8 I r i s h P u n t C U . I P . 9 4 0 0 0 . 9 4 0 0 0

D a n i s h K r o n e C U . D K . 1 1 2 4 3 8 . 8 9 4 2 Ma u r i t i u s C U . MR . 0 0 0 0 0 . 0 0 0 0 0

D e u t s c h e m a r k C U . D M . 4 2 8 5 2 2 . 3 3 3 6 ma l a y s i a R i n g C U . MY 3 . 8 0 0 0 3 . 8 0 0 0

D u t c h G u i l d e r C U . D G . 3 8 0 3 1 2 . 6 2 9 4 P o r t u g a l E s c u d C U . P T 2 3 9 . 2 1 2 3 9 . 2 1

F i n n i s h Ma r k k a C U . F M 7 . 0 9 0 0 . 1 4 1 0 4 A R G E NT I N A C U . A P 1 . 0 0 0 0 1 . 0 0 0 0

F r e n c h F r a n c C U . F R . 1 2 7 7 7 7 . 8 2 6 7 H U N G A R Y C U . H U . 0 0 3 1 7 3 1 5 . 4 2

H o n g K o n g $ C U . H K . 1 2 8 2 1 7 . 7 9 9 8 I N D O N E S I A C U . I D 9 4 5 5 . 0 . 0 0 0 1 1

I t a l i a n L i r a C U . I L . 0 0 0 4 3 2 3 1 0 . 3 P OL A N D C U . P L . 2 2 0 2 6 4 . 5 4 0 0

J a p a n e s e Y e n C U . J Y . 0 0 8 9 9 1 1 1 . 2 8 T HA I L AN D C U . T H . 0 2 2 5 4 4 4 . 3 6 0

Me x i c a n P e s o C U . MP . 1 0 6 3 8 9 . 4 0 0 0 V E NE Z U E L A C U . V E . 0 0 1 4 4 6 9 5 . 9 0

N e w Z e a l a n d $ C U . N Z 2 . 5 0 0 6 . 3 9 9 9 0 K O R E A C U . K O . 0 0 0 8 4 1 1 8 9 . 5

N o r w e g i a n K r o n C U . N K . 1 0 4 5 3 9 . 5 6 6 3 P HI L I P P I N E S C U . P H . 0 2 0 2 6 4 9 . 3 7 0

S i n g a p o r e $ C U . S D . 5 6 8 6 3 1 . 7 5 8 6 T AI WA N C U . T A . 0 3 0 4 3 3 2 . 8 6 0

S A f r i c a n R a n d C U . A R . 1 2 7 8 0 7 . 8 2 5 0 T UR K E Y C U . T U . 3 3 3 3 3 3 . 0 0 0 0

S p a n i s h P e s e t a C U . S P . 0 0 5 0 4 1 9 8 . 5 3

S we d i s h K r o n a C U . S K . 0 9 6 6 1 1 0 . 3 5 0

S wi s s F r a n c C U . S F . 5 5 3 1 9 1 . 8 0 7 7

MarketPulse reports are produced on a real-time basis, however, they do not updatecontinuously. To update the report, request it anew from the Special menu.

You can change the reports we will requestby selecting MarketPu lse from the Editmenu. We have chosen Most Up %, MostDown % and % Volume Change as thedefaults for each stock exchange. Select theexchange from the popup menu at the top ofthe dialog

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.

QuickQuote

The QuickQuote feature allows you to view a detailed quote on a specific symbol, whether ornot that symbol is contained in your current List. To activate the feature, select Quick Quo t e

from the Special menu (or press F10). Enter a symbol and press return.

Some of this information is not available for index and equity options, however, otherinformation like open interest, strike price and days remaining to expiration are. Pro Analystwill automatically adjust the QuickQuote window when you enter an option symbol.

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3Viewing InformationQuotes, Charts and Analytics

Creating ChartsPro Analyst is a powerful, intraday, charting and technical analysis program. The programcan create traditional bar, Japanese candle, point & figures and line charts in virtually any timeframe from tick to monthly. To simplify the interface and operation of the program, the mostcommonly needed time frames are available as choices under the Chart s menu. Whenselected, the program will create the initial view in the default chart type (i.e., bar, candle, p&f,or line). Like most of the programs defaults, the default view is definable. Once the chart isdrawn, you can change virtually all characteristics of the chart including the time frame, thechart type, analytics, colors, patterns, line thickness etc.

By example... to create a daily chart, select a symbol in the quote monitor, then select Dailyfrom Charts menu. In the lower right of the chart is a control that allows you to change theview from Bar to Candle to Line to P&F.

Along the top of the chart is a legend displaying the date and numbers relating to the last barin the chart. Point & click on any other bar or candle. The legend at the top of the chart willchange to reflect your selection.

The new bar chart was drawn in Window 1. Take a peek under the Window s menu. The lastmenu item is new and contains an abbreviated description of the chart. Each chart is createdin a new window, limited only by the amount of memory allocated to Pro Analyst. Aswindows are assigned, their respective menu item will be added to the Windows menu. When

selected, that window will be brought to the front. When you close a window, its memory isreleased and the menu item is removed.

Pull down the Analysis menu. While the chart was drawing, Pro Analyst turned on all themenu items in this menu. Each of the tools in this menu was designed to assist you inanalyzing the various charts that Pro Analyst can create. A description of how to use thesetools is included later in this manual. For now, our purpose is to demonstrate how easy it is toadd these studies to your charts.

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Select St ochast ics from the Analysis menu. Stochastics is a study designed to measure themomentum of price movement. Weakening momentum can point to an impending reversal inprice direction, like a car going up a hill. Even though the car continues to move forward wemight be concerned if it can make it to the top if its speed is decreasing.

Technical studies, in our software, are overlaid directly on or below the charts and do not usea separate window. The front (or active) window is used for displaying these studies. Wedesigned the software this way because it makes it easier to compare the study to price bars

of the chart. Your chart should re-draw allowing space for Stochastics underneath. A newcolor coded legend appears directly above the study.

The selections in the Analysis menu above the separator line are added below the chart withless and less space allotted to the chart body. The balance of the Analysis tools are overlaiddirectly on the body of the chart. When the chart is finished drawing, select Trend from theAnalysis menu.

15 minute chart with trend lines and stochastics

While we are on the subject of comparing the study to the pricehold the control key downand drag your mouse across the chart. The cursor will expand to a giant cross hair, and theprice/indicator legends will update to reflect the placement of the cursor. Drop lines(horizontal and vertical) will be left on the chart if the mouse button is released while thecursor is to the left of the scale. These lines are automatically stored when you close the chartand may be removed all at once or one set at a time. To remove drop lines, one at a time,hold the Opt ion and the Contro l key down and click on the lines to be removed. To removeall drop lines with one command, hold the Contro l key down and select Clear from the Editmenu.

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To remove an indicator, re-select its menu item from the Analysis menu. Try this withStochastics re-select St ochast ics from the Analysis menu. The chart should redrawwithout Stochastics. Each time-frame of chart can also be preset to initially draw with yourchoice of analysis tools.

Intraday charts, that is, charts where each bar or candle represents less than one day, are onlyavailable when you are online. 1 minute through hourly charts will contain multiple days ofdata if the data is available. Each day will be separated by a vertical dotted line.

Intraday charts where each bar or candle represents a multiple of 5 minutes (e.g., 10 min, 15min, et al) are created using data that is stored on your hard disk. When you launch theprogram after the markets open the program will automatically request missing data. You cannot create 1 minute charts while your intraday data is updating. You should also try not toquit during this process. The program will notify you when the update is complete.

The next section of the manual will teach you how to adjust the charts before and after theyare drawn to match your personal preferences.

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Chart Appearance

Chart appearance is very flexible in Pro Analyst. Scaling, zoom level (i.e., chart spacing),study smoothing, colors, line thickness, even default studies. Beauty is in the eye of thebeholder. When you know how you want to display your charts, Pro Analyst will let youlock in your preferences for each time-frame of chart. Until then, the program will use defaultsettings. In other words, you don't need to be an expert to create useful charts.

Customizing of charts and analysis tools is available through several distinct features: our SetUp dialogs, our point & click interface, our double-click interface and chart controls.

Chart ControlsUnder each of the charts you see this control

From left to right;Zoom out, zoom in, controlled zoom, time & sale and the calculator.

Zoom out and zoom in alter the amount of data displayed in the chart. Zooming in reducesthe amount of space between each point on the chart allowing more data to be displayed.Zooming out adds more space between bars or candles.

Controlled zoom is a variation of our drag and zoom feature. Clicking on that portion of thecontrol will place a selection rectangle on the chart which can then be resized or movedthrough normal dragging with the mouse. Drag the rectangle right or left to increase ordecrease the size of the rectangle. Drag from inside the rectangle to move it to the right or leftwithout changing its size. When the rectangle covers the horizontal area of the chart you wantto zoom in on, press return or double click inside the rectangle and Pro Analyst will create anew window with the selected data. Click outside the rectangle to remove it without creatinga new chart. The new chart will update live, like any other chart, if you are online. A deltasymbol is added to the end of the window title to remind you that the data may not be

continuous.

Time & Sale converts the chart to a mini-spreadsheet where the numbers from each time

period are displayed in rows for review and/or editing. The control changes to . Clickingon the new control will convert the time & sale display back to a chart.

In the lower right of the chart you'll find a popup menu that allows you to quickly switch thechart view (e.g., change from bar to candle).

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Point & Click InterfaceClicking the mouse on any bar, candle or point on a chart will display the data (date, time,volume, open, high, low, and close) reflected in that bar. These numbers are displayed directlyabove the chart. Moving average and analysis study values are also displayed if they appearon the chart.

Figure 5

Clicking in other areas of the chart (see Figure 5) will allow temporary changes in chartappearance. As you move the cursor around the graph you will notice that the cursor changesto indicate the function of our Point & Click interface.

Clicking with this cursor active displays the information of that bar or candle at the top ofthe graph. This cursor should appear in the main body of the chart as well as the mainbody of sub studies (i.e., Stochastics).

Clicking with this cursor active scrolls the chart forwards in accordance with the what youhave selected in the Program Defaults for end-of-day charts. On intraday charts it willremove one day of data for each click. This cursor should appear in far right corner of thedate line.

Clicking with this cursor active scrolls the chart backwards in accordance with the whatyou have selected in the Program Defaults dialog for end-of-day charts. On intraday chartsit will restore days removed from the chart (see shift right above). This cursor shouldappear in far left corner of the date line.

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Clicking with this cursor active allows you to change the start or end date of the activechart. This cursor should appear towards the right or left side of the date line on daily,weekly and monthly charts.

Clicking with this cursor active allows you to change the time-frame of the chart (e.g. turna 5 minute chart into a 10 minute chart).This cursor should appear towards the right or lefside of the time line on 1 minute to 60 minute charts..

Clicking with this cursor active allows you to change zoom levels. This cursor should

appear left of center on the date line.Clicking with this cursor active allows you to change indicators, zoom levels, etc., throughthe Preset Chart Dialog. This cursor should appear right of center on the date line.

Clicking with this cursor active allows you to change upper and lower Y-axis scaling. Thiscursor should appear in the scale area of the main chart.

Clicking with this cursor active allows you to change indicator smoothing. This cursorshould appear in the scale area of the indicator.

Clicking with this cursor active allows you to edit the data used to create the chart. Thiscursor should appear above the main body of the chart on the information line.

Clicking with this cursor active allows you to set alerts and/or positions. This cursorappears in the upper right. It is the same as selecting Aler ts from the Edit menu.

Clicking with this cursor active turns on Candle Pattern analysis and Candle Pattern alerts.This cursor appears to the right of the date line or time line on Candle Charts.

The mouse is also used for four other important features

1. Hold the Shif t key down while dragging your mouse to draw trend lines. Trend lines areautomatically stored when you close the chart window. To remove trend lines, one at atime, hold the Shif t and the Contro l key down and click on the line to be removed. To

remove all trend lines with one command, hold the Shif t key down and select Clear fromthe Edit menu.2. Hold the Cont ro l key down and drag the mouse. The cursor will change to a giant cross

hair, stretching from top to bottom and left to right. As you move the cursor across thechart, the data reflected by that point in the chart will update. Horizontal and vertical droplines will be drawn on release if the cursor is still in the body of the chart. The resultingdrop lines are automatically stored when you close the chart window. To remove droplines, one at a time, hold the Opt ion and the Contro l key down and click on the lines tobe removed. To remove all drop lines with one command, hold the Contro l key downand select Clear from the Edit menu.

3. Hold the Shif t and Opt ion keys down and drag your mouse around an area of the chart

body to zoom in on that section of the chart.

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Preference Dialogs

There are several preference dialogs that affect charting and analysis...

The St udy Sm oot hings menu selection (Edit menu) will store your personal preferences foreach study in our technical toolbox. Smoothings are stored independently for each time-frameof chart.

You may set up to three moving averages. To turn a moving average off, set it to zero. Inaddition to selecting the period, you can choose Simple, Exponent ia l or Weighted .

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Preset

Default St udies (Edit menu) allows you to preset which, if any, technical tools will bedisplayed when you request a specific chart time frame. You can always add and subtracttools from a chart. This dialog affects how the initial chart will draw. The zoom level changesthe amount of space between each bar or candle on the chart. Higher numbers put morespace between bars.

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Program Defaults

This dialog allows you to define global settings that affect all charts. Starting at the top...When you double click on a symbol in the Quote Monitor, the default chart type and timeframe will be opened. The default type of chart (i.e., Bar, candle, line) is also used to determinethe type of chart we will open when you make menu selections from the charts menu. TheFont Size affects the legends of the chart.

When we initially draw a chart, we leave some blank space on the right side of the chart. Thisnext field allows you to define how many periods (e.g., days) will be left blank.

The next popup allows you to define how much we will scroll a chart backwards or forwardswhen you click in the corners of the chart. This setting affects daily, weekly and monthlycharts only. Intraday charts automatically remove a single day from the chart when you clickon the right corner and restore the chart to its original view when you click on the left corner

Two of the studies, MACD and Rate of Change can be set to default to histogram or linecharts when they are initially drawn. Both indicators can be toggled to the alternate view afterthey are drawn.

The next button turns our pivot point alert system on or off. We'll talk about the pivot alertsystem later.

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Double Click Interface

Our Double Click interface allows deep control over portions of the chart. Double click onany study that displays under a chart (e.g., stochastics).

The following dialog will appear...

This dialog allows you to control the smoothing, patterns, color choices and line thickness ofwhatever oscillator you double clicked on. In the case of Stochastics, we can also alter theformulation of the indicator to be Simple or Exponential.

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Double click on the main body of the chart.

The following dialog will appear...

This dialog allows you to control the upper and lower scale, grid spacing, patterns, color

choices and line thickness of the main chart. The popup menu at the top of the dialog willallow similar changes to indicators overlaid on top of the chart. Menu items for indicators thatare not currently on the chart are grayed.

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Analysis tools that depend on a the identification of a significant high and low (i.e., fibonacci,Gann, speedlines, and trident) offer the additional ability to change the date on which thesetwo significant numbers were achieved.

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Use the up and down arrow controls to change the dates. When you release the mouse, thesignificant high or low will be updated in the dialog. You can also type in any valid date

Drop Lines

Hold the Contro l key down and drag the mouse. The cursor will change to a giant cross hairstretching from top to bottom and left to right. As you move the cursor across the chart, thedata reflected by that point in the chart will update. Horizontal and vertical drop lines will bedrawn on release if the cursor is still in the body of the chart. The resulting drop lines areautomatically stored when you close the chart window. To remove drop lines, one at a time,hold the Opt ion and the Contro l key down and click on the lines to be removed. To removeall drop lines with one command, hold the Contro l key down and select Clear from the Editmenu.

AutoRun

Our AutoRun feature allows you to view the selected chart for each item in your Listsequentially. To use this function, create a chart or charts. Select Aut oRun from the ListM g m t menu. Fill-in the AutoRun timer dialog and press Begin. Pro Analyst will re-createthe chart with the next symbol in the List every n seconds. The Next and Previous menuitems (and up and down keyboard arrows) may be used to override the timer. These keys andmenus also work when AutoRun is not active. In other words, you can AutoRun withunlimited time to review each chart. AutoRun may be canceled by pressing . or byselecting Aut oRun again.

Whether you are using AutoRun or the arrow keys to shift from chart to chart, all charts arecreated in the current list order adding another benefit to our sorting and ranking routines.

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Quote Monitor Revisited

The Quote Monitor is always updating (as long as we are online), even if you close thewindow. To re-open the Quote Monitor after you have closed it, select Quot e M oni t or fromthe Window s menu.

The quote monitor will frequently become the center of your attention. You will find thatyour eyes gravitate to columns that are more important to the way you trade. Adjusting

which columns appear where and how wide they are will help you focus. But first, areminder, clicking on column titles will sort your list. To resize and move columns you will bedragging your mouse which means you will be holding the mouse button down while youmove it.

To move a column, hold your mouse down on the column title and drag it right or left. Asyou drag, an outline of the column will move with the mouse. Drag it where you would like itand let go of the mouse. The first three columns are locked. They can not be moved nor canother columns be moved over them.

To size a column, place your mouse over the line separating the columns until the cursor

looks like this... then drag the column wider or narrower.

You can also change the order and size of all columns through our Quote Monitor Set-updialog. To activate this feature, hold your shift key down and click on any of the column titles.

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The Dialog

Secur i t y Nam eA file is created to store historical data for each security you add to the List, therefore,all security names must be unique. If your List will contain Dec Corn and Mar Corn,you can not call them both Corn.

SymbolCommon Stock and Mutual Fund symbols will be same as those used by the exchangeor listed in Investor's Daily or your local newspaper. Futures' symbols are listed inAppendix C. The most popular Index symbols may be found in Appendix E.

Secur it y Ty peStock, Future, Index, Mutual Fund or Option.

TickThis is the minimum price fluctuation. Pro Analyst will set the tick for you if itrecognizes the symbol, security type combination. Either way, you should confirm thatthe tick is correct. Indexes and mutual funds are usually .01. Futures vary, seeAppendix C of this manual for a list. Stocks should be .125 (1/8) if you want fractionaldisplays or .01 if you want to view their prices in decimal form.

Display For m at

The Decimal and Fract ions selections affect output display only. Most areas of the

program can accept fractions or decimal as input.Sect or #

Sectors are used for sorting purposes only. Assign a number in the Sect or # fieldbetween 1 and 500. If this number has a definition, the sector name will be displayed.You may use traditional sectors such as Chemical, BioTech, etc., or use this field fordefinitions like Hot Picks, Inactive, etc. Changing the sector definition affects allsecurities with that sector number.

The data file is created automatically and the symbol is added to your list when you pressNext , Done or Ret urn . When you have input your entire list, press Done or Cancel .

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Adding an Option Series

You can add Equity and Index options, one at a time, through the Add Secur i t y feature oruse this special dialog to add related groups of options in one operation. Hold the Option keydown and select Add Secur i t y from the List Mgmt menu. The following dialog willappear

Enter the base symbol. Base symbols are never more than three characters. NASDAQsymbols are normally converted by dropping the last two characters and adding a Q (e.g.,AAPL becomes AAQ). Obviously this can not be true for all NASDAQ symbols as Apple isnot the only stock whose symbol begins with AA. It would be wise to confirm the basesymbol with your broker.

Select the Call and/or Put buttons, and check the appropriate Expi r a t ion Mont hs andSt r ik e Pr ice Codes . The last two digits of the strike price are the only significant digits. Inother words, a 105 and a 205 strike price have the same symbol. This does not normallycreate a problem since options have a limited trading life. However, in rare circumstances, theexchange may use the letters U, V, W, or X to identify duplicate strike prices or odd strikeprices such as 22 1/2 after a stock split. It is also common for the exchange to use multiplebase symbols for indexes. For example, the base symbol for S&P 500 index options may beSPX, SPU, SPZ or ??? based on need.

Sectors are used for sorting purposes only. You may assign a number in the Sect or # fieldbetween 1 and 500. If this number has a definition, the sector name will be displayed. Youmay use traditional sectors such as Chemical, BioTech, etc., or use this field for definitions likeApple Options. Changing the sector definition affects all securities with that sector number.

After pressing OK, Pro Analyst will create a file for each option and assign the appropriatesymbol. The new securities will be added to the end of your List. Hold the Option key down

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and select Remove Securi ty from the List Mgmt menu to use this same dialog to removeexpired options from your List.

Adding a Series of Futures Contracts

You can add Futures' contracts, one at a time, through the Add Secur i t y dialog describedpreviously or, when you want to add multiple contract months of the same commodity, selecthold the shift key down and select Add Secur i t y from the List Mgmt menu. The followingdialog will appear

Futures' symbols are always 1 or 2 characters. The most commonly requested symbols arelisted in Appendix C. As you enter the base symbol, the program will automatically set theTick if it recognizes the symbol. Sectors are used for sorting purposes only. You may assign anumber in the Sect or # field between 1 and 500. If this number has a definition, the sectorname will be displayed. You may use traditional sectors such as Grains, Meats, etc., or use thisfield for definitions like Hot Picks, Inactive, etc. Changing the sector definition affects all

securities with that sector number.

Backing-up Your Data FilesYour data is very valuable. We recommend backing up as frequently as time and patienceallow. From the Finder, single click on your data folder, then select Duplicat e from theFile menu. This will create a folder called Data Copy. This should be done once a day,discarding previous copies before duplicating. Should anything happen to a data file, youhave a copy that is at most one day out-of-date. Once a week, copy your data to somealternative medium. If your hard disk should crash, the data on the alternative medium willbe at most one week out-of-date.

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Organizing your List

Our sorting and ranking capabilities allow you to quickly organize your List in a variety ofways. These tools have their own sub-menus under the List Mgmt menu and can also beaccessed by clicking on the column headings of your List. See the reference section of thismanual for an explanation of the various sort and rank categories.

Individual securities can be moved within your List as well. Simply drag the symbol where

you want it in the List and drop. If you drag above the top of the List or below the bottom,the List will automatically scroll making it incredibly easy to put things in order. Changedyour mind? Drop the symbol above or below the window and it will remain where it was.

Using Sectors to Organize your List

Pro Analyst can sort your List by Sector. The only requirement on defining sectors is thatthey must range between 1 and 500. This flexibility can be used to organize your QuoteMonitor.

Here's one example of how these features could be used.

Suppose we want to separate stocks that we trade from stocks that we hold in our long termaccount, like an IRA. We'd also like to group stocks that are on our "hot trading list" andstocks that are on our "hot investment list". When you sort by sector, Pro Analyst places thehighest sectors at the top of the list. With 500 sectors to define and four basic groupings, wecan allow 40 sectors per group and still have 300 left over. We want our trading List to be atthe top. We reserve sectors 500-461 for this group.

First, select a stock that falls into this group. Select Modi f y Secur i t y from the List Mgmtmenu. Change the sector to fall within the grouping. Multiple stocks can have the same sectornumber. Remember, when we sort, the higher the sector number, the closer to the top of thegroup the symbol will appear. We could rank the top 15 stocks, according to theirimportance, and give them sector numbers from 499 down to 483. The remaining stocks inthis group could all be sector number 461.

When we are finished with the first group we would repeat the process for the second groupand so on.

The beauty of this method is it is easy to change sector #'s when we sell a stock or enter anew position. Simply modify the security settings, then re-sort your List.

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Keyboard Data Entry

Editing Data

To edit the current recordClick on the symbol in the Quote Monitor window. Select Edit Dat a from the List Mgmtmenu. A dialog will be presented for you to type in the data. Changes are automatically stored

when you press Next or ifr e t u r n key is pressed. Pro Analyst will then move to the nextsymbol in the list for editing.

To edit historical data (contained in the active graph).Click on the bar or candle containing the data that needs editing. The line of text at the top ofthe screen will change to reflect that bar or candle. Click on any of these numbers. A Dialogwill appear to allow editing of the data.

Deleting Data

As with editing and most functions in the program, there are multiple ways to delete data. The

preferred method will depend on how much data and where, within the file, that data is located.To delete the last record in any filehighlight the security in the List and select Delet e Dat afrom the List Mgmt menu.

To delete one or more records from the end of each file in a single security or the entire Listselect Block Delet e from the List Mgmt menu. A dialog will appear requesting the number ofrecords to delete. The default is one. Enter the appropriate number, verify whether you want todelete the data from each security in the List or simply the selected security, then press theDelet e button.

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Exporting Data

Expor t (File menu) creates text files for use with AppleWorks, Excel and other Macintoshproducts.

Set the Col # fields to Skip on information you do not want exported. In our example wehave indicated we want the Symbol in the first column, the Date in the second column,Volume in the seventh, and Open, High, Low and Last in the third through sixth columnsrespectively and we have indicated that we want to skip Open Interest.

Select your personal choices from the Expor t From , Ex por t To , Dat e For m at and Dat aType , and File Type popup menus. Pro Analyst will use the date format of the operatingsystem. The field here is just a reminder of how you have your system set up. We haveindicated that we want the last 1 record of daily data exported, from each security in the List,in Tab delimited text (for use with Excel). When Export is pressed, Pro Analyst will requesta name and location to store the exported data.

With the expectation that you will want to export to the same format on a normal basis, ProAnalyst will automatically store your setup after completing the export.

Ex por t One (File menu) will export the current day's data from each item in the active Listusing the format parameters stored on your last export. The data will be stored in a file named"export" which will be created in the same folder as the active List. If the file exists it willautomatically be replaced.

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Stock Splits & Futures' Rollovers

A stock split alters the number of shares outstanding and the price of those shares. In a 2 for1 split, each share of existing stock will become 2 shares and the price will be halved. Areverse split has the opposite effect. Sometimes, if you are not following a stock closely, youwill not become aware of the split until after it has taken effect. As such, our Split functioncontains an effective date field. All data before the effective date will be split in the ratio you

select. Highlight the stock in your List. SelectSplit

from the Special menu. Adjust the ratio ofthe split and the effective date. After setting all fields, press Split . Before adjusting the prices,a copy of the historical data file will be made and left on the disk. After confirming that thenew file is correct, you may discard the copy.

Rollover has two main functions: it can be used to adjust Mutual Fund prices after a dividenddistribution and it can be used to create and maintain perpetual futures data.

For mutual funds Highlight the Fund in your List. Select Rollover from the Specialmenu. A dialog window will appear requesting the adjustment amount and the effective date.The adjustment should be negative. The New Lead Contract field is for Futures only. If thereis anything in this field, delete it. All data up to and including the effective date will beadjusted. After setting all fields, press Rollover . Before adjusting the prices, a copy will be

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made and left in your Data folder. After confirming that the new file is correct, you maydiscard the copy.

For Futures Highlight the Future in your List. Select Rollover from the Special menu.The adjustment value is calculated by subtracting the current settlement price of the perpetualcontract from the settlement price of the contract you are rolling to. If the new contract islower in value, this will create a negative adjustment value. Enter the expiration of thecontract you are rolling into. This date must be in the form MM/YY. The effective date

defaults to today and should normally be left unchanged.

A discussion of Perpetual Futures data may be found at the end of Section 8.

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5Special FeaturesAdvanced UsageLayouts

As you use the software you are likely to discover that you prefer to view similar securities ina similar way from day to day. Our custom layout feature was designed to allow you toaccomplish this faster and more conveniently. Lets take a look at how this works... Open aseries of charts using different symbols, time frames, and chart types. Size and place thewindows. Select Save Layout from the Window s menu. Just like any other file you createon your Macintosh, layouts must have a unique name. Name the layout My First and pressSave . You have just created your first layout.

Just like our Lists, layouts do not contain the charts or even the data necessary to createthem. The layout files store the names of the data file or files used to create the charts. This

way, as you update those files with newer data, the layouts will update as well. The layoutsalso store other window content information like the type and time frame of the charts andwhat, if any analysis studies were applied to the chart. Finally, the layouts store the windowssize and placement on the screen at the time they were created.

Using your layouts is even easier than creating them. Lets close all the graphs and imaginethat this is a new day. Now, select Use Layo ut from the Window s menu and open MyFirst.

Layout files DO NOT contain price data. They do contain: The number, size and screen location of all graphic windows open at the time the Layout

was saved. The type and time frame of the chart. The symbol used to create the chart. The analysis tools displayed on the chart.

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Chart Suite

The Chart Suite is a layout without security names so that it can be used on any symbol inyour List with a single keystroke or menu selection.

To use the Chart Suite, select a symbol in your List, then select Chart Suite from the Chartsmenu or press =

The default Chart Suite brings up a daily, weekly and monthly chart (offline) or a 5 min, 15min, 30 min and 60 min chart when you are online. To change the suite, open the charts youwant included in the suite (all charts must be based on one symbol), then select Chart Suitefrom the charts menu while the charts are the front windows.

You can redefine the suite as frequently as you want but only the last definition will be"remembered".

Candle Pattern Identification & Alerts

Pro Analyst can assist you in finding and understanding Japanese Candle chart patterns. To

toggle this feature on or off, move your mouse to the right of the date or time line on anyCandle chart. Click your mouse once when the cursor changes to a light bulb.

Candles that identify patterns are "painted" in offsetting colors. Hold the mouse down on anyof these candles to read a description of the pattern and its meaning. Page numbers are areference to Steve Nison's book on candlestick interpretation. Pro Analyst can identify 26key candle patterns including:

Hammer & Hanging Man Bullish & Bearish EngulfingPiercing Pattern & Dark Cloud Cover Morning & Evening Stars & Doji StarsInverted Hammer & Shooting Star Upside Gap Two CrowsHarami & Harami Cross Three Black CrowsBullish & Bearish Counterattacks Bullish & Bearish BeltholdsTri Star Bottoms & Tri Star Tops Dojis

When candle pattern id is active, the program will alert you when a new candle pattern formson that chart.

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Pivot Point Alerts

Our pivot point alerts are based on a day trading system used by many floor traders. Tocalculate the pivot point, we add the previous day's high, low and close and divide the resultby 3. The pivot point is then used to calculate the four alert levels as follows:

Pivot Low is the pivot point multiplied by 2 less yesterday's high.Pivot High is the pivot point multiplied by 2 less yesterday's low.

Extreme High is the pivot point minus nearby support plus nearby resistance. This would bethe next expected level of resistance if the nearby resistance failed to hold.Extreme Low is the pivot point minus the difference nearby resistance and support. Thiswould be the next expected support level if nearby support failed to hold.

These alerts are calculated automatically when you open a list. They are in addition to anypersonal alert levels that you set. As the alerts are hit, you will be notified in the rank columnand the upper half of the ticker tape. You can turn off the notification (or turn it back on)through the program defaults dialog (Edit menu).

You can turn on (or off) the display of these alert levels on any chart by clicking in the scale

area of the chart while holding the shift key down. On intraday charts, the scale of the chartwill display the alerts instead of the normal scaling. On charts longer than hourly, the alertswill be displayed as colored horizontal lines. In both cases, the chart will be rescaled if thealerts are outside the range of the chart high and low.

A similar display of your own personal alerts and position entry price is available by clickingin the scale area of the chart while holding the option key down. This command will beignored if you have not set alerts.

Trade Tracking

The Trade Tracking window summarizes your open positions including:Profit or loss since the position was established;Profit or loss from yesterday's close (intraday P/L);Best in profit today.Value of the position (shares x current price).

The first two profit figures will be equal if the position was opened today.Position value will be blank for futures contracts.

All calculations update real time.

To activate the Trade Tracking window, select Tr ade Tr ack ing from the Special menu(or press F9).

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Calculator

Enter two dates and press the Dates button. Our special calculator will determine the numberof trading and calendar days between the two dates. Add a third input (the +45 in ourexample) and Pro Analyst will project future dates as well.

Enter two prices and press Retrace and our calculator will compute Fibonacci retracement

levels. Hold the Control key down to find retracments in eighths. Use the Option key torequest retracements in thirds. Enter a single price in the first field and a percentage in thesecond field and we compute percentage moves up and down from your price.

Enter a price in the first field and a number in the second field and press Count. We'll checkhow many times your price was within the high and low range.

The Stats button will calculate standard deviation, volatility and price range between any twovalid dates. With no input, we use the date range of the chart.

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Trader's Journal

Every successful trader must learn from experience, good and bad. Our Trader's Journalfeature allows you to keep dated notes, stored separately for each security. The perfect spot towrite your thoughts, emotions, etc.

Time & SaleTo view time and sale information... selecta symbol in your quote monitor, thenselect Tick from the Charts menu. In thelower left of the chart is a graphic control.Click on the 4th picture from the left toturn the tick chart into a Time & Saledisplay...

All charts can be converted to time andsale display format through this samecontrol. The time frame of the chartdictates the information that is containedin each row of the Time & Sale display.

To export this information for use inAppleWorks, Excel or other Macprograms... select Sav e As from the Filemenu.

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Online Versus Offline

Many of Pro Analyst's features require connection to the MacTrack data feed. It does,however, have many features that can be used when you are not connected. We thought afew words on this subject might be helpful.

First, lets define how you tell whether you are online or offline... when you are online, theticker tape window will be open along the bottom of your monitor and your QuoteMonitorwill display a few extra columns (e.g., bid and ask).

During market hours (you define these) the program will automatically want to work online.Online only features include intraday charting and analysis, news features, and MarketPulsereports. Longer term charts (i.e., daily, weekly and monthly) and analysis are availablewhether you are connected or not. When the markets are closed, Pro Analyst willautomatically work offline unless you select St a r t Mon i t o r from the Special menu.Intraday data is collected and stored between these hours. If you want to watch afterhoursnews and quotes but do not want the quotes stored, you should start the connection manuallyafter we have automatically disconnected for the day.

Why would you want to work offline? A few features, specifically, creating and modifyingLists, are available offline only. Second, you don't always need to be connected to the internetto use a variety of the programs features. This could be useful if you are traveling as oneexample.

Maintaining Multiple Lists

If you maintain more than one List, we recommend that you segregate your main intradayList from the rest of your Lists by creating them in separate data folders. This is to preventthe potential loss of intraday data. When you start monitoring, Pro Analyst opens (or creates)and indexes the Intraday data file located in the same folder as the List. If your secondary

Lists are located in the same folder as your main List and you start monitoring, Pro Analystwill index the Intraday file to the secondary List. This would, in most cases, cause you to loseIntraday data.

There are many reasons why you might want to maintain more than one List. Here are a fewexamples...1. You want to monitor markets that open at odd hours to your main List, like night futures'markets or overseas markets.2. You want to maintain historical data on securities that are not in your main List. Your mainList is limited to 500 symbols. You may even wish to limit the size of your main List belowthe maximum because of speed concerns related to your connection speed or the speed of

your Mac. You can maintain historical data on thousands of additional securities in separateLists (in separate folders). If and when you decide to add any of these securities to your mainList, you can move the histories to the folder containing your main List.

To update the historical data on a secondary List...1. Select Open from the File menu.2. Select St a r t Mon i t o r from the Special menu.3. Select Updat e Hist or ies from the File menu.

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6Technical Analysis and ChartingA PrimerIntroduction to Technical Analysis

What is technical

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