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To: macavity who wrote (5630)2/11/2001 8:53:33 PM
From: Chris  Respond to of 8925
 
good explanation.. likes like a stoch (5,3,3).. something pretty short term.



To: macavity who wrote (5630)2/11/2001 9:37:00 PM
From: Doo  Read Replies (2) | Respond to of 8925
 
Just to give you some more of what I'm doing that sounds like what this guy may be reading.....

Right now, the NDX 21, 14 stochastics were almost flatline oversold in all time frames from 1 minute to 60 minute around 3:00pm EST on Friday. The 1 minute crossed over around 3:20 as did all others out to 30 minute. If these crossovers hold and pull the 60 minute along with them, the move has a high probability of lasting between 3 and 5 days. The move, however, would likely be cut short or stop after that time when the Daily %K is hit by the %D....it will likely fail to crossover and the downward move on the daily will resume. The weekly is flatline, so a significant and longer term move could occur after that Daily gets oversold again.

Do you read this stoch master guy to be reading multiple time frames in this way, or is he doing something different?