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To: Jorj X Mckie who wrote (3063)	2/16/2000 7:31:00 PM
From: edamo	Read Replies (1) \| Respond to of 8096

jorj...re "ta" try only looking at a slow stochastic...in the case of jdsu, when p+f called for the last upside breakout, the momentum indicator that is the basis of stochastics were showing it overbought. true a stock can bounce along over the 80 line and continue an upward move, but when the k line crosses the d, either up or down it normally gives a strong probability of a reversing trend. in a fast moving stock, many of the old ta analysis aren't swift enough to predict the psychology behind the reason for momentum......by the time you look at the p+f, it is outdated........

To: Jorj X Mckie who wrote (3063)	2/16/2000 7:52:00 PM
From: SecularBull	Read Replies (1) \| Respond to of 8096

The market is friendly if you own the right stocks. Stock (and less specifically theme) selection is most important at this point. Money is rotating out of recent favorites and into new ones. Not to mention that the market is having trouble admitting that it really knows that tech is the place to be. BTW, on a related matter, I agree with edamo's points on stochastics. I am not a big TA guy, but from what I understand of it, his position is valid. LoF