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To: ChrisJP who wrote (17128)2/1/2001 11:44:14 AM
From: tommyhus1  Read Replies (1) | Respond to of 19297
 
i think so. why didn't you tell me yesterday? lol check out this chart. slow stoch + above 0 on macd.

bigcharts.com



To: ChrisJP who wrote (17128)2/1/2001 12:59:54 PM
From: Jeff  Respond to of 19297
 
yup.....but i don't use that chart......like i said...i only use the slow stoch on bigcharts.com.......

heres why.....look at HEAR in the SI chart......

siliconinvestor.com

it looks overbought......so you would leave it alone thinking it would tank......

but on big charts.....its a stoch 50 turning up......

bigcharts.com

and HEAR is up today.......

thats why nobody understands stoch 50......because if you are not using what i'm using.....you won't see it on the stocks i play......and you will look at many stocks with the wrong stoch and miss many plays thinking they are overbought......

like hahn......his charts always show things way overbought on the stoch he uses.....and he see's a sell signal.....

but on my stoch...i see a stoch 50 bounces on the same stock.....

so i make money.....and he is either shorting it...or not playing......

what can i say.....i developed my own system.....and just use it.......everybody see's different things on charts......i found a pattern using bigcharts.....it works for me.....so i stick with it.....i tried to explain my little secret......but if you don't use the charts i use.....you won't see the same thing i see.....and it won't work for you......

plus since i know my system well.....i trade on "gut" alot.....and i can't teach that......that just comes with time......

and like i said.....just put any stock in bigcharts.....and look at the 3yr...3-month....10-day....2-day.....

and look at the history of the slow stoch......

you will see many big price rises after the stock turned up at stoch 50.......its really just common sense......

i didn't read any books on this......i just noticed after looking at many stocks over a long period of time.....that when a stock is oversold.....it can stay that way for a long time.......and when a stock is overbought.....what do you do......take a risk at buying high.......

well.....i found if a stock is way oversold......the sar hit is the trigger to get in.....so you wait for that.....then the stock runs up......after it runs.....how do you know when to get in......well most stocks run to overbought on the stoch.....then they start selling off.....so do you catch a falling knife.....how do you know when to get in......because most stocks...after they run and the early buyers sell......they go on much bigger runs.....

how many times have you sold a stock that ran up.....and you moved on too another play......and one day you see that old stock just ran another 300% and you kick yourself for not holding it......

well......thats were stoch 50 comes in......

a weak stock will run from oversold to overbought.....and back to oversold again......pump and dump.......

but a strong stock.....

will consolidate around that stoch 50 line......and if it goes up from there......it could be a monster run......BECAUSE ALL BIG RUNS START AT STOCH 50......

now in a bull market......you just buy stoch 50 and hold for the big money......its that easy......

but in this market.......

i use stoch 50 as my buy in for position trades.....because this market could turn down at any time........and not many stocks can ride up in a down market.....where as...in a bull market......the rising tide raises all ships...

so just think of stoch 50 as a sign of strength.....any stock hanging out around that area is a target for a move up......and likely a strong move......you can see it on any stock that has ever run big.....it came from stoch 50.....

and since i didn't get this out of any book.....because i never have read any book on trading in my life.....i'm a do it myself kind of guy.....roll!!!!!

since its my system.....its hard too explain it......because it just comes natural to me.......

so all i can say is.....its obvious what stocks do at stoch 50.....you can see it by looking at any stock....so its up too each person to use that information anyway they want too.....

i explained how i use it......and how i make money off it.....same with SAR......i found the these patterns by just looking at many charts.....and i only go by info off bigcharts for these patterns.....you will never find these patterns discussed on other threads.....because this is something i made up to fit my style of trading.....i put my own twist on it.....and thats why its hard too explain.....

but the results speak for themselves.....$$$$$$$$$$$

so all i can say is.....look at what i'm looking at.....and use that info the way you want...to fit your own personal trading needs.....

i gave everybody the map to the treasure......now you just gotta find it.......and nobody can help you with that......its up to each person to buy and sell as they see fit....

sorry for the long post.....but i'll use this post as my last post on explaining stoch 50......roll!!!!!!!!

regards