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

To: jkwtrade who wrote (922)	2/16/2000 6:41:00 PM
From: breathe	Read Replies (1) \| Respond to of 927

jk, thanks a million for the iqc guidance, it's just what i was looking for. I'm a recent convert to TA. After having a very sour experience in January i realized i could have saved a good deal of money focusing on TA rather than news and rumors about a stock. Following the stochastic lines has helped me regain some of my losses the past four weeks. I must plead ignorance about the settings. I use the default settings %K10, %D5. My time frame is Daily with the intention of holding 1-2 days. I am looking for high-priced stocks with a strong breakout to the uptrend. e.g. CMRC this morning @ 168 with a strong upswing on the Stoch and RSI and the DMI lines crossing. These are the safest plays for me right now. After i learn more perhaps i will be able to determine whether to buy in when a strong moving stock continues to stay above 80 on the stochastic chart. I get cold feet to buy in when a stock is above 80. There must be some way to determine if a stock still has "legs" while climbing high. Do you know of any? Thanks again, tom