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To: macavity who wrote (5626)	2/11/2001 6:29:06 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 8925

macavity, Thanks for sharing your approach. It seems like you have a good one, using multiple time frames to establish the more important trends and then using your tool (stochastics, amoung other things I'd imagine) to time entry. I caught your comment on being too 'early' - I think that's a common problem for many; not passing judgement or anything please believe me, because I've been-there, done-that and I'm sure many people can empathize or find parallels in their own trading. It seems that the desire to avoid missing a run is as much a part of the 'fear' part of the greed/fear equation as is the fear of giving up gains. PS, a question: Do you only trade in the direction of the dominant trend? I.e. if its going up, you'll wait for oversold and then buy? If its going down, you'll wait for overbought and then sell short? Thanks for the thoughtful response and discussion on the oversold, overbought concepts. PSPS, thanks for reminding me about the Stomaster link. I'd be interested in learning which signal he takes when stochastic has issued numerous signals in a short time span. Mike

To: macavity who wrote (5626)	2/11/2001 7:00:22 PM
From: Doo	Read Replies (2) \| Respond to of 8925

"If you want to see a master in action try this link. stomaster.com The guy uses nothing but stochastics to predict bond prices. He has called all of the major turning points in the past 18 months. The trick is he watches the movements over many timescales from the minute to the monthly charts. It does not always make sense to me but you can get something from it - I believe." Thanks very much for that link. This method sounds very much like a method that I stumbled upon over the past two years in an odd sort of way. I was quite sure that there were others who had noticed the same correlation, but had not seen it in anything I'd ever read. I've been using a stochastic setting in multiple time frames to time my entries and exits and determine the persistence of a trend with success over the past 16 months on the QQQ for actual positions and the NDX futures for signals. I tried to access the work at the site, but the pdf is so cumbersome and the site so poorly constructed that I've all but given up. An email from the group or person was of no help in resolving my problem. Is it too much to ask you to describe the methodology a bit, or perhaps give me a suggestion on how you navigate this messy site. Thanks, Jeff