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Strategies & Market Trends : Stochastics

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To: Risberg who wrote (481)	4/12/1998 5:29:00 PM
From: Wayners	Read Replies (1) of 927

Sure I'll add it (DBCC). I think the limitation on the signals is the result of using closing daily data. The system is much improved, with earlier signals when using an intraday variety of the system such as 30 minute price bars. With 30 minute price bars, use a 156 period moving average (same as 12 day) and use a 65 period stochastic (same as %K=5). Such a system would negate the effect of missing out on large intraday moves before getting a signal too late--at the end of the day. I'm hoping more people find this site. I'm getting bored. On DBCC it made that really nice move on Thursday. The trend is up and the bollinger bands have narrowed. It closed right at the upside resistance level of $6 3/8 on Thursday. Given the momentum and uptrend, I'd expect it to break above the $6 3/8 level on Monday and go to the next resistance level of $7.50. I'd expect it to top out at $7.50 and then go back down and retest $6 3/8. The process could take a week or two. Stochastics are not showing a peak here. Volume is steadily increasing--no divergence there with price.

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