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To: Jenne who wrote (45935)10/24/1999 9:50:00 AM
From: jewishcarpenter  Read Replies (1) | Respond to of 152472
 
Jenne, I use www.bigcharts.com and ask for several months of daily quotes with daily stochastic indicator (fast, slow)

the fast/slow crossover happened on Wednesday with a solid followthru happening on Thursday... perhaps we are looking at different #days in the calculation. mine says "slow stochastics (5,5)"

what does Jim Willie think?
or is he still on vacation?

the inconsistency that strikes me is that a breakout happened on Thursday afternoon about an hour after Jim Willie sent in a "stochastic crossover alert".. the close was 215+ that day on a 7-pt rise.. I saw the crossover with Wednesday's data incorporated in my chart

your supplied definition of stochastic indicator is what I have come to know and rely upon

I hope you are right since I still hold a small number of Nov 210 calls.. looking for a slight run myself.. sold most of them at 223-224 on Friday, wishing at the close to have dismissed the entire lot

please teach me how to link
I am rather new to this PC with my rough fingers.. more familiar with band saws, drill presses, doweling jigs, lathes, and such

thanks, Carpenter



To: Jenne who wrote (45935)10/26/1999
From: Jim Willie CB  Read Replies (2) | Respond to of 152472
 
Jenne, I disagree with my esteemed colleague, the Carpenter

the daily stochastic indicator does not show a bearish divergence since the recent run to 225 took the fast path over the 80% level

I am intrigued by your "porpoising" concept

could you explain this further?
is it a buildup in stochastic power with rising fast path lower swings?
thanks, Jim