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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Jeff who wrote (568)5/19/2002 8:56:32 PM
From: ajtj99  Respond to of 30712
 
Jeff, thanks for the insight into what you've seen at the 1946 top. I'm always learning, that's what makes life interesting.



To: Jeff who wrote (568)5/19/2002 9:46:27 PM
From: augieboo  Read Replies (1) | Respond to of 30712
 
Jeff, thanks again for sharing your knowledge. It should make you happy to know that I now look at monthly, weekly, and daily charts on EVERYTHING, and I use at least three stochastics on each chart. (:

I have a couple questions for you, if you don't mind.

[1] What exactly about the stochastic turn makes it a death blow, i.e., is it when it turns down from just above 50, or when it turns down then crosses its trigger, or what, precisely?

[2] I've noticed that you use non-standard settings on some of your indicators, like the 5,5 slow stoch, the 10,10 fast stoch, and the 8,17,9 MACD. They seem to give quicker signals than the plain vanilla default settings. Is that why you use them?

TIA,

(:

augie



To: Jeff who wrote (568)5/19/2002 10:47:38 PM
From: stimulus  Respond to of 30712
 
Jeff,

I just had one of those D'oh! moments after reading your "death blows" lesson. CHKP destroyed my IRA in the early April blowup. Just checked the daily and sure enough the death blow on the slow stoch hit me right between the eyes! Right after the bounce off 50, CHKP descended from $32 to under $20.

keep those lessons coming!