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Strategies & Market Trends : Stochastics

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To: Roger Hess who wrote (904)	5/18/1999 8:57:00 AM
From: Tom Shutters	of 927

Roger, thanks for the reply. I have found the stochastic indicator to be the most powerful tool in my tool box, but I'm looking for bottoms in small NYSE stocks. It's important to view all the indicators as short time indicators (especially the stochastic). The buys should be made when both indicators are below 25 (I like to see them much lower). Buy when (or shortly after) the indicators intersect on the way back up. This is just a tool to help us get a good buy-in price and good dd should be the basis for buying. This morning I like the looks of the LSN chart and I'm doing some dd and will continue to watch the chart. Good trading Tom

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