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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)

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To: skinowski who wrote (1647)8/30/2006 11:02:49 AM
From: Moominoid   of 2852
 
My own indicators derived from the stochastic are in exactly the same pattern as they are now twice in 2005. Once in mid to late February and once in early November:

stockcharts.com

In the first case there was an upturn in the stochs from a high level and a small spike in the stochastics and a small but essentially failed rally. That is what I am betting on here. But in early November the upturn turned into a massive overbought rally.

So distinguishing between the two situations is of utmost importance :)
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