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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: Speed Racer who wrote (8)	1/20/1998 10:43:00 AM
From: Wayners	Read Replies (1) \| Respond to of 927

Buying near 20 based solely on stochastics is a major trap of oscillating indicators such as stochastics. I downloaded CCUR in WoW and looked at it. For a short term trader with a timeframe of two weeks between trades, I put a 12 day simple moving average on it. Its on a moderate downtrend. You never ever want to trade against the trend. The stochastics have risen up to about 25 and actually appears to be peaking. Its not good enough to short here, but I certainly wouldn't consider buying it here either. I put CCUR in the "no play" category. Its a better short opportunity than long opportunity. If 12 day stochastics get up to 80, then I'd say you have a good short on your hands. Good luck as always.