©2006 Kase and Company, Inc.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Kase and Company, Inc.

Compliance Statement & Disclaimer.

Kase CD

            The Kase CD is derived from the Peak Oscillator in the same way that the MACD is derived from a             moving average oscillator. That is, it is the difference between the Peak Oscillator and the average of the             Peak Oscillator, where the MACD is the difference between an exponential moving average oscillator and             its average.

            However, because its basis is statistical, it generates cleaner crossover signals, and more reliable             divergences.