Thanks for the reply. After starting the forum, I watched comments for a month or two, then haven't viewed it much since.
My holdings are in the big technology stocks. One thing I've noticed is that when one has a low stochastics, they all do (for the most part). Since most of my money is invested and all fall about the same time stochastic-wise, I haven't found it much help, but it IS fascinating to watch.
If I had $1 million in cash and saw stochastics in a company like Intel or Microsoft fall below 20, I know I could make a nice short-term 10-20% profit.
But alas, I don't have the cool $1 million.
Another thing is that if I sold when stochastics were above 80 and bought below 20, I would be paying Uncle Sam (AND my broker) more than I am paying now. The stocks would have to take a nice dip in order to net the same.
I COULD do it with my Roth IRA, but with my holdings, I've decided to hold for the long term. Perhaps when I have the cash and the stochastics fall below 20, I'll buy then. |
