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To: Lucretius who wrote (266738)11/11/2003 1:04:13 PM
From: mishedlo  Read Replies (4) | Respond to of 436258
 
Something you do not watch but I bet he does.
Both the 5,5,2 and 14,3,3 stochastics were pinned to the bottom for over an hour, during the normal "lunch rally" period.

Typically when either of those even comes close to touching the zero line in this time frame we bounce. In this case selling continued for some time after both bottomed.

I noticed yesterday we did not have the usual "lunch ooomph" either (but not like the flatline I saw today). Not sure what it means if anything, but normally during lunch, every stochastic dip is bought like mad.

M