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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: rrufff who wrote (8252)4/30/2005 11:15:45 AM
From: Venditâ„¢  Respond to of 8752
 
I have found that it is better to find the best settings for a particular stock. For instance if you look at RSTG using stochastic 15-5-5:

139.142.147.218

You will see a newly formed buy signal and a MACD momentum signal that is about to go off on Monday. The MACD signal suggests that a big move is in store Monday or Tuesday so a spike to $45 to $50 can happen based on the previous chart history. The setup looks good. Another thing about this stock is that it tends to move on its own and pays little attention to the general market.

If you change the setting to 5-3-3 you see something slightly different:

The same stochastic buy signal is in place but it is very high on the scale which suggests that the move will be very fast. This coincides with the MACD momentum indicator which happens to agree with Williams which is also very high on its scale. Adding all of this up I believe once again that RSTG is going to quickly move up to touch the upper Bollinger bands or beyond intra-day on Monday-Tuesday and then sink back to lower support by weeks end.

139.142.147.218

This stock is a perfect swing trading stock as well as a very good LTBH because of the story behind its technology.

Reid