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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: getgo234 who wrote (34201)	2/10/1998 12:37:00 PM
From: Jeff Jordan	Read Replies (2) \| Respond to of 61433

t. I sold at 33 13/16. However, I did hate to sell on a breakout when the market is so strong. Comments please Well done...buy back 31-32?JMO another ideal (VECO 29 LCCI 10 3/4 IOM 9 3/8 OXHP 19 RIG 40) Jeff

To: getgo234 who wrote (34201)	2/10/1998 2:30:00 PM
From: username	Respond to of 61433

*OT* getgo, I took a few minutes over lunch to try and find a couple of examples of what I was talking about yesterday. This is ONE IDEA. ONE. Go to your chart site, I believe it was dailystocks.com and take everything off EXCEPT stochastics, then search for CSCO on the 180 day chart. (not the 120 day). You will see the "double hump" I was talking about between August and October. This is an example of what you might consider a buy signal; (the "humps" are uspide down), see how the oscillator (the "stochastic" line below) is diverging from the price; the second oscillator "hump" low point is higher than the first, and the second price "hump" is lower? That's what I was talking about. This is not "the perfect example", I wanted to find something that gave you the visual idea. The divergence is what to pay attention to, and how long and how severe it is. Same with RSI, erase the stochastics and punch in RSI (only) and go to INTC. See that "double hump" October to January? See how it diverges from the two lows on the stock price? The stock price was lower and the RSI was not. Get the idea? It's up to you to figure out which "hump" signal works best. Remember there are different "stochastics" and different RSI values, not necessarily available on someone's web site. Will it work on a one minute bar chart? Check it out. You don't need 50 tools, you need a few that work. None work all the time, none work in all markets, and none work on all stocks. And if you figure out a way to make this work 8 out of 10 times, you let me know right away...I want to get some cattle futures. (joke). best, pete