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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (2701)	6/30/1999 7:01:00 PM
From: Ed Pakstas	Read Replies (2) \| Respond to of 36688

Thanks Keith... >>>The point I was trying to make is that Stochastics is only valid for oscillation stocks and it useless for trending stocks. <<< Considering that I'm only at page 77 in Dr. Elders book, <ggg> I will most definitely keep this point in mind for the future... >>>Just for arguement sake lets say the volume was increasing for the last 4 days and closed at a high of .44 on the last day on nice volume. That night great news comes out on the stock <<< I'm in full agreement as it would obviously that will affect any stock... I do see your point when you apply the indicators to intraday charts, ie. 10 day's but if you refer to the longer term one's ie. 30 days or better, (maybe my "p" brain doesn't quite understand your caculations), can you take a couple of minutes over the holiday, and be kind enough to explain why is it that when the K line begins to cross over the D line, there appears to be an almost direct correlation with an advanced indication of a correction in share value, especially when both lines are above the 75 mark and close to the 100 mark and vica versa (below the 25 mark), when the share value is at or near its indicated lows, especially if the slow stochastic indicators are used in conjuction with the candlestick charts and 30 day moving averages... TIA for your time and have a great holiday.. ...ed ps: Re: Dr. Elder's book I am absorbing every page, 'cause so far he is right on the mark...<ggg>...