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Strategies & Market Trends : Stochastics
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To: Roger Hess who wrote (11)1/20/1998 3:31:00 PM
From: Wayners  Read Replies (1) of 927
 
I use Windows on Wall Street Pro 5.0 with Dial Data Internet. I'm not recommending Dial Data though. Too often they end up with really weird data that I have to go back and manually change, like a stock trading at $40 showing a low for the day of 5/8ths or something equally ridiculous with a close for the day of $40 1/2.

Well I must commend you for picking some really good downtrend stocks. Unless you are a pro or something I strongly advise you not to try to pick bottoms. Buy and sell on price peaks and dips. Price peaks and dips are price changes that occur that do not change or reverse the underlying trend. I think you are reading the stochastic level correctly as the numbers seem about right for a stochastic period of about 14 on a daily chart. You have to determine for yourself what your trading timeframe is. Do you want to get in and out in two weeks or six months? A person with a six month time horizon should have a lot more stomach for much greater random price moves than a person with a 2 week time horizon.

DOCSF--Moderate Downtrend--look for short opportunities when stochastics peaks

NOVL-Neutral trend going into a slight downtrend. Simply avoid this one until the trend goes neutral again.

PCTL--Slight downtrend. Might want to short on a peak but risky.

BORL--Moderate or Severe downtrend. Excellent short on a peak in stochastics at 80 level.

ORCL--Moderate downtrend. Good short on peaks.

ADPT--Severe downtrend. Best short on the list on price peaks. Look for a peak when stochastics hit 50.
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