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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Jeffrey Beckman who wrote (2458)	8/11/1997 12:28:00 AM
From: GW Riedeman	of 3325

Jeff... Stochastics is not a simple indicator and can be used to show quite a number of things. I certainly wouldn't recommend commiting much money to "signals" without having a pretty good idea what the indicator is telling you -- you might as well ask the guy on the corner. I would recommend at least reading some of the elementary texts on TA and TA indicators. Also, check Andy Gabor's web site for a wealth of definitive information. geocities.com BOP is a proprietary indicator of Worden and they won't say how it's constructed. It gives some indication about whether money is flowing into the stock or out. I don't know what CMS is. Perhaps you mean Money Stream. It too is Worden proprietary and is another measure of the same thing as BOP. A good book on a large percentage of the indicators that TAers use is "Technical Analysis from A to Z" by Achelis, published by Probus and available from Elder (800-458-0939) or Amazon books accessible on-line. Good Luck....Bill

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