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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: sandintoes who wrote (2950)	12/23/2004 10:00:13 AM
From: Walkingshadow	Read Replies (1) of 8752

Hi Sandintoes, I always look at the stochastics. But I don't necessarily require that they be below 20. If the stochastics are below 20, that tells me the stock is at a relatively oversold extreme. So, it is relatively "cheap." If I see that the stochastics "cycles" from below 20 to above 80 and back again, I like that also. It gives me some indication of when to consider buying (below 20) and when to consider selling or going short (above 80). But sometimes I buy things that are not relatively cheap. It is like this. Imagine you enjoy wine. Maybe the Wal Mart Vineyards Industrial Strength Wine (vintage: last Tuesday) that you sometimes buy happens to be selling at half price this week. So, you might buy several 55 gallon drums of the stuff, since it is a good deal. But maybe you might also want to buy a very expensive bottle of wine because you know that it is very good wine. It may not even be relatively cheap, because they never put it on sale, and the price doesn't vary too much from store to store. But this does not mean the wine should never be bought. Hope that makes sense..... ?? T

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