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

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To: SliderOnTheBlack who wrote (31292)10/30/1998 8:25:00 AM
From: marc chatman  Read Replies (2) of 95453
 
Just a note on stochastics as a trading tool.

For anyone out there who thinks a stochastic oscillator is a magic bullet which can nail upturns and downturns in a stock or index, I strongly urge you to do your own research so that you understand this tool. And, if you are following Ron's excellent site, also understand how Ron is using them. Stochastics have variables which can be adjusted, and there are many ways to use stochastics for trading (divergences, crossovers, overbought/oversold, etc.). I have found stochastics very useful in many circumstances.

(Not directed to Ron or Slider. I know you guys understand this stuff -- probably a lot better than I do.)

CNBS giving some good play to HAL earnings, calling it a positve .03 surprise.
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