Stochastics Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stochastics

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sammy levy who wrote (247)	2/24/1998 1:25:00 PM
From: Wayners	Read Replies (2) of 927

The long term downtrend should make you nervous if you are thinking about going long. Currently the price trend is neutral. The 5 day stochastics are headed for a peak within the next 2 days. One riskier way to play it short term is to short it close to the upper bollinger band on price (about $5 13/16). The bands are narrow and volatility is due to increase somewhat but it hasn't shown the increased volatility yet. I think the best way to play it is to wait for the 5 day stochastics to either break down or for MPDI to show that it is trending up by breaking out to the upside. I don't think its going to break up, so I think you will see the hook downward in the 5 day stochastics.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next