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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (20588)	10/3/2001 12:37:27 AM
From: TechTrader42	Read Replies (2) \| Respond to of 52237

Stochastics -- and any other oscillator, for that matter -- can hover at overbought levels during breakouts. I'm not saying that will happen with GE at this point, but there's always the possibility. Signals can be negated. It happened in the latest plunge with buy signals, and it can happen with sell signals, as you've pointed out. There are some good signs in GE's chart, as well as some clear signs that it's overbought. One good sign is that parabolic SAR gave a buy signal today. Another one is that price has broken above the middle Bollinger band. Do these mean that GE is going to continue up? No. I'd say it could go either way. I think traders need to rely on their own signals if they're going to make consistently good, informed decisions.