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

To: John Peterson who wrote (8463)	1/16/1998 8:37:00 PM
From: Jeffrey Beckman	Respond to of 95453

John, Thean's the expert in stochastics, but most of us can follow the indicator, even if we don't understand it. It's basically an oscillating indicator that shows whether a stock is overbought vs. oversold technically. There are varying settings that one can use to generate the curves, and readings can differ. Most of us have used the site 207.95.154.130 (IRQ site) to follow the drillers. In the past, the curves would go above 100% when the stock was overbought and turnaround after coming down to 20%. Now the curves are much lower. The one for FLC is a bit more like the old days, getting near 60% before peaking. In any event, most are in the oversold range, at least according to IRQ. In addition to stochastics, one can see Bollinger Bands and candlesticks that seem comforting or discouraging at times. I'll leave explanations of these to others, but just playing with them will give you a feel for their use. Thean has posted details on the use of the BB indicator within the last month or so. Good luck, Jeff