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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: JGreg who wrote (2765)	11/6/1997 11:29:00 AM
From: bw	Respond to of 95453

OFF TOPIC.. Greg..I liked your terminology better, so some fast editing kind of made your post obscure.. As far as day-trading anything long today...looks like a "long shot"..a little too nervous for my anxiety levels [already exceeding normal limits..not holding anything at present, and think I'll take a trip to our local refuse station [dump] instead of trading stocks today]

To: JGreg who wrote (2765)	11/6/1997 6:56:00 PM
From: Thean	Respond to of 95453

<off topic to Greg> - auto reply to your e-mail got rejected. Greg, Stochastics is a great tool when things are orderly, trading with correlated fundamentals and withing bound. It worked for me many many times for the drillers and I think it will continue to work as long as the uptrend continues. However, one has to be aware of conditions when Stochastics or any other TA tool fails. Last week's crash was one example when TA in general don't work anymore because there were panic selling. Also, when momentum gets too strong like what we had in the drillers last month things "overshoot". The best way to test if Stochastics or any TA tool works in a stock is backtesting it 6 months and assume the fundamentals of the business has not changed. You may want to try this for THQI which I know zippo about. Yes I live in Cincy. Don't quite care about the football team either. Where the heck is Portsmouth? I have only been around this area for 2 years. Thean