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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (30274)	2/26/2004 4:17:18 PM
From: chowder	Respond to of 206093

Larry, I do use a Stochastic indicator with most of my charts. I usually just post two indicators because those who don't subscribe to Stockcharts wouldn't be able to view more than two. Thus, I usually post the two indicators I think have the most relevance on price movement at that time. Speaking of Stochastic, I prefer a 20,10,5 setting. Since I don't use Stochastic to trigger buy and sell decisions, I use Stochastic to provide a longer term reading as to whether the position is truly overbought or oversold. The longer setting eliminates most false signals and whipsaw situations. When I get an oversold Stochastic using a 20,10,5 set up, the buy signal is much more true since it has had time to build strength. I'll use RRI as an example. stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut!Lp20,10,5!Lh14,3]&pref=G I'm trying to catch the intermediate to long term trend with my Stochastic set up, not the short term movements. When RRI was rising, the shorter term trader would have been shaken out of a nice upward trend, where the longer term Stochastic would have confirmed you stay in. dabum