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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (906)	8/1/1999 6:42:00 PM
From: FDHIII	Read Replies (1) \| Respond to of 927

Ron, This is the best I could do, they seem to have alot to read about, I'm not sure though how much it will help you. clearstation.com best- F~

To: Ron who wrote (906)	8/10/1999 9:19:00 AM
From: Roger Hess	Read Replies (2) \| Respond to of 927

The only thing I've used for stochastics is the following: iqc.com Under Indicator 1, I select stochastics. When I started this thread, I thought stochastics would be an excellent method to use to select stocks, as they go through cycles and will at times be under 20 and at times go over 80. Being an extremely small-time investor, I have several thoughts about it now: 1) If the market takes a huge drop or drops 4-5 days in a row, then most stocks will go down below 20 together. In other words, you can look back at a stock and see that it dropped below 20, then you see that lots stocks dropped below 20 at the same time. Looking back, you think: coulda, woulda, shoulda... But, what have you really learned? 2) When a stock drops below 20 and it looks like a good time to buy, that's great if you have the cash then to buy. I don't usually have the cash due to the fact I'm already fully vested. My temperament as an investor is not to go back and forth from fully vested to fully in cash. 3) If you buy below 20, sell above 80, buy below 20, etc., you generate more income for your broker and more taxable income. I had one year I did lots of buying and selling, and I think my broker made more money through my investments than I did. With more income, you have to pay more taxes, and in my case, I may have to sell stocks at inopportune times to pay my taxes. What have I gained then? 4) I've decided to buy quality technology stocks and hold on to them over a longer period of time, buying more as I have the cash. I'm in to MSFT, CSCO, INTC, LU, WCOM, plus several Internet stocks for the fun of it. I like stocks with charts that have gone up over a period of time. To buy one of these in a dip is nice, but what if it goes up 40 points while I'm waiting for a 10-point dip? 5) I do occasionally look at the stochastics of stocks, but don't use that as my primary reason for buying a stock. I hope this helps!