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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (3948)	1/19/1998 3:45:00 PM
From: Saulamanca	Read Replies (1) \| Respond to of 7396

Out of all the stocks in the oil & gas sector that I follow, GIFI is my favorite right now. Double bottom at 15, strong support going back to July. Previous double bottom 11/24 - 12/1 that rose 8 3/4 pts. but this one stands out in P & F charting. Broke the downtrend from the high on 12/9/97, but not the longer downtrend from the peak in Oct. oscillators show possitive divergence. In a perfect world, this one rises over the next 2 to 3 weeks into earnings to hit 28 3/4, then backs off to complete the right shoulder of a perfectly formed H & S bottom. Somebody pinch me. Mark, glad to see you on a roll. Jim

To: TATRADER who wrote (3948)	1/20/1998 10:27:00 PM
From: current trend	Read Replies (2) \| Respond to of 7396

Mark---off topic--- I use KST as a long term directional indicator not just as a momentum gauge as described by Pring. A zero line crossover is usually too late to be of much value. However, in general upward markets tend to stay above the zero line and downward markets the opposite. In extremely oversold or overbought markets one can often tell by the distance above or below the zero line whether a rally or decline will continue. I have found is extremely valuable. Look at the Lt KST for the Dow, Amex,Transports,Nasdaq,etc-- everyone now is screaming bear market, but even in their present oversold condition, most of these indexes are still in positive territory, implying higher prices to come. Each time in the last three years a selloff occurred, the same pattern and results. In the opposite direction, the KST would tell the gold bugs to hold off and the Japanese that the NIKKEI rally, though impressive will fail. Since KST is such a lagging indicator at market turns, I utilize intermediate and shorter term oscillators with varying time frames to hone in on critical turns or to anticipate market tops or bottoms. From a momentum standpoint, significantly lower highs or higher lows tend to anticipate significant directional changes way in advance so that preparations can be made. Most rapid price appreciation or decline tends to be reflected in rapid changes in KST's slope. Everytime I second guess what is being shown by the LT KST, even in thinly traded stocks, it is right, and I am wrong. With all the esoteric TA popularized on SI, where funny squiggles, squares, crossovers (real and imagined) are supposed to carry great weight, I still can not understand why KST remains so undiscovered! I can't evaluate any tradable entity without it. CT