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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Don England who wrote (83500)	1/4/2001 8:23:45 PM
From: Warpfactor	Read Replies (1) of 95453

Don, I don't quite follow your description: <<the charts were almost universal in showing big sell. a favorite indicator of mine is the 15/5 stochastic crossover: down from 80 = sell, opposite cross from 20 = buy. it's damn effective. all of these guys were in the first category or near to it. but, i figured today's selling was heavy enough that when it was factored in to the charts at the end it would push the stochastics quite a ways down toward the buy zone, assuming they are coming back. osx wasn't down as much as some of you believe can happen, and then began to bounce, but i thot support levels on the following were pretty close to what i was paying. i bought the following:>> "down from 80 = sell, opposite cross from 20 = buy" ????? Could you explain this in layman's terms? If I understand, this indicator, the 15/5 stochastic crossover has a 0-100 scale. If the indicator moves above 80, that's a sell signal. If the indicator moves below 20, its a buy. Is that correct? You bought 10 stocks in various subsectors within the energy arena. I assume this indicator was below 20 for all?? Warp

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