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To: TheStockFairy who wrote (196937)	10/11/2002 5:11:57 AM
From: stan_hughes	Read Replies (2) \| Respond to of 436258

TSF - Assuming that TA inquiry was a serious question - TA is as useless as putting boobs on a duck when it comes to 13 cent stocks. Anyone that practises TA even halfway seriously will tell you this. Setting aside for now what I just said, stochastics are occasionally useful in identifying tradeable trend channel bottoms in uptrends (i.e. flagging an oversold state in an uptrend, or where to buy the dip), and by corollary, stochastics can signal channel tops in a downtrend (overbought in a downtrend, i.e. where to sell the rally). Stochastic readings do not accurately identify tops in uptrends or bottoms in downtrends. Therefore, even if TA was useful in the penny game, to recommend that a stock that has collapsed from $6 to 13 cents in a scant 8 months should be bought based upon an assertion that it is now oversold on a stochastic basis is patent horseshit. UAXS might indeed rise as that poster predicted, but I think that would have more to do with the magic of P&D than TA