Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Jason Ghionis who wrote (16607)	4/16/1998 12:02:00 PM
From: jef saunders	Read Replies (1) of 94695

Jason, another thing i wanted to tell you is something i learned the hard way. use the moving average for your t.a....i suspect you are using stochastics or such when you say the internet stocks are overbought. case in point: look at ibm chart last 3 years. the stochastics would have told you to put the stock many times, when the correct action was to simply keep buying. when a stock is moving up rapidly, use moving average if you insist on putting it. when a stock is going sideways, then use stochastics. this was a very expensive lesson for me to learn. jef

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