Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: marc chatman who wrote (17873)	4/3/1998 10:11:00 AM
From: RGinPG	Read Replies (4) of 95453

Me too. Better to admit you're wrong about being wrong, than to be left out in the cold. <TA> Does anyone really care what the stochastics say anymore? I kinda do. The significant thing is that I got the first false sell signal in six months on the >80% <80% stochastic trading system. The last false sell signal was followed by a very nice rally. After yesterday's action, the stochastics are going sideways in the overbought range for the first time since September of '97. You can say whatever you want about Stochastics and other indicators, but you have to agree that the price action the last couple of weeks is VERY different than what we had been getting used to the last few months. And different is definitely good. You know what's funny? I thought I would sleep better being 100% in cash, but I hardly slept at all. I slept like a baby last night being 80% invested. (Just wish I was 125% invested again, it's just never good enough is it?)

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