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Strategies & Market Trends : Stochastics

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To: CJ Owen Critchley who wrote (41)	2/5/1998 8:47:00 AM
From: Wayners	Read Replies (1) of 927

DWRX is showing a very nice prolonged up trend. Because of the trend, the stochastics also start trending which means that just because the stochastics are high, it does not give you a sell signal. I'd say DWRX is a buy at any dip in 5 day stochastics to about the 60-70 area. Get out after the trend turns flat/neutral or down and stochastics are above say 70. At the top of the trend, you'll most likely get some kind of consolidation/trading range. After you see that consolidation/trading range, simply exit as close to the top of that trading range as you can and find a new play. There's plenty of them. Remember, the trend is your friend!! Good luck.

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