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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (28740)	10/8/1999 12:13:00 AM
From: sean sanders	Respond to of 99985

Chris, I took a second to view an old trade (chart of mine). -note- a trade that I made a bad play on none the less. STT anyways the reason I am pointing this out is that I wonder if the dow will make a chart similar to this financial stock. ie went down a little ... retrace; hesitate then drop. In my original analysis of STT I saw it heading near the 55-60 level (form a long trendline). But of course I got scared and exited before the large drop. Since the second hump in the dow channel from may till september. I was seeing a pullback to the level of 8700-9200 depending on how long it took to get there etc. Also as you pointed out in your chart; how the dow handles the resistance will be key. Sean

To: Chris who wrote (28740)	10/8/1999 2:03:00 AM
From: John T.	Respond to of 99985

Chris - What parameters are you using for your stochastic oscillator? Are you using what is called "slow stochastic?" My chart of the Dow 30 shows stochastic in overbought territory, i.e., above the 80 reference line and turning down. I'm also using MetaStock charting software and the default stochastic oscillator parameters.