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Non-Tech : Quote.com QCharts -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (13504)	4/13/2001 11:23:02 AM
From: Atin	Read Replies (1) \| Respond to of 17977

Again, know your tools. Just as you would not use a hammer to debug a computer chip, you would not use RSI and Stochastics in trending markets (at least not in the traditional sense). These are just mathematical tools to evaluate certain conditions given certain other preconditions. The interpretation of the results is very much a matter of experience, sort of like your interpretation of price/volume is also very much a matter of your experience. I really don't want to be part of this. Direct your posts to someone else. Thanks. -A

To: ahhaha who wrote (13504)	4/14/2001 10:38:10 AM
From: fut_trade	Respond to of 17977

...I challenged one of the big proponents of stochastics There are trends in the markets at certain times, which can be used to generate $$$. For example: The 3-day exponential moving average has been a money generating system for the S&P 500 and DJ Industrials throughout most of the history of those indices. Using daily data, one would buy at the end of the day if the price closes above the 3-day EMA and sell if the price closes below the 3-day EMA. This system blows away a buy and hold system over the last 70 years, although there have been years in which this system has performed poorly. For example, during the early 90s and during a few years in the 80s.