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

To: Wayners who wrote (192)	2/19/1998 10:34:00 AM
From: Wayners	Read Replies (1) \| Respond to of 927

Analysis at close on 2/18/98. The analysis I have listed as of the close on 2/16/98 was actually as of the close on 2/17/98. AMAT-Was up 0.44. Narrow bollinger bands with the uptrend still intact. Won't break up until 5 day stochastics bottom. 5 day stochastics are crossing downward acoss its own moving average. I think a few days of consolidation are in order before an upward break. Be prepared for a sudden downward break with stops just in case. AMZN--The dip is happening. Maybe 1 or 2 more days till the bottom. Its on an uptrend. 5 day stochastics going down from 80 on the uptrend. Bollinger bands are almost at their narrowest point. Can try to pick the bottom in the 58-59 area or wait until you see the 5 day stochastics reverse direction. ASND--Solid uptrend. (Not a Neutral trend). More consolidation over the next 3 to 5 days. Bollinger bands on price not at their narrowest yet. Buy on break of $35 just in case. Use a buy stop. AVM--Still on uptrend after the dip. Thats a good sign. More consolidation is likely. 5 day stochastics are showing a weak hook. Probably have several days to get in or watch it further to see what is happening. Price is very close to the lower bollinger band. The bands are very narrow. AVNT--Basing out little volatiliyt. Very narrow bollinger bands on price. Try a buy stop to pick up an upside breakout or wait for the 5 day stochastic to hook upward on a break. Could try a sell short stop order as well in the event of a downward break. With the 5 day stochastics in its current position, the current bias is for an upward break. BMY--Still looking for a break below $97.50. Narrow bollinger bands on price and 5 day stochastics went back up slightly over the middle band. No play until you see the direction of the break. CADE--Good thing everybody here took profits. Neutral trend now. Looking for a hook in 5 day stocastics. CBIZ--Continued profit taking. Watch the trend carefully. Its still up, but slowing on the consolidation move. Everybody take profits and wait for bollinger bands to narrow and stocastics to bottom and hook before getting back in. If the trend ends up being damaged, i.e. down or neutral stay away and don't reenter. Beautiful hook on 5 day stochastics. CEXP--Slight uptrend. Long term trend is way down--so makes me nervous for ANY long positions. 5 Day stochastics look bottomed, but no hook. I'd consider a long position now. CFON--Dropped 0.22. Another longer term downtrend to make it a risky long. No play. Narrow bands on neutral short term trend. Less than $5 so no new shorting allowed. CIEN--Narrow bollinger bands. Quick buy period is over. Price near upper band, gently curving downward 3 day moving average. 5 day stochastic showing the hook. Great short term short play. CKFR- CKFR becomes a short term buy at the lower bollinger band ($22.50) on neutral trend play. This will be the third day at the lower band--a usual reversal point. CORR--Downtrend and narrow bollinger bands. Short play to $10. Risk bias definitely to the downside. CPQ--Strong uptrend. Good buying opportunity. Bollinger bands on price still not fully narrowed. 5 day stochastic has now hooked. CTXS--Third day of touching lower bollinger band on price. Usually a reversal day. This stock trades between the bands. Looks like a short term buy. 5 day stochastics have hooked upwared. CYPB--Too bad can't short under $5. Narrow bollinger bands on neutral trend. 5 day stochastics showing the hook and the trend is slightly down. This is just the beginning. If anyone is long this thing here--GET OUT. DWRX--Strong uptrend. 5 day stochastics at lower bollinger band. Its going to be a buy again. 5 day stochastics showing the hook again for upward move. Narrow bollinger bands. Breaking upwards again. EFII--uptrend turning into a neutral trend and 5 day stochastics at the lower bollinger band. Instead of buying here, look for a reveral in stochastics. Still consolidating. GERN--5 day stochastic crossed below the 20 level. Looking for a bottom here. Neutral trend and narrow bollinger bands make it a riskier play. Best way to play is to short at $13 1/2 and cover at $12 repeatedly. Can also buy at $12 and sell at $13 1/2. IIT --Looks like an even better buy than yesterday. Stochastics showing good size hook on a neutral trend. Can ride from $15 to $17. IOM--Neutral trend. Price at the lower band. Time to cover shorts. Narrowing bollinger bands. 5 day stochastics bottoming at 20. No hook yet. IRIDF--neutralizing uptrend. 5 day stochastics hooked downward. No play in its consolidation mode. Watch for break up or down. Downward break bias looking at 5 day stochastics. JLG--uptrend. 5 day stochastics at 20 area. Great play yesterday. Still a good buy. LCCI--Profit taking is occurring. 5 day stochastics showing nice downward hook. LSI Slight uptrend appears to be neutralizing, bands narrowing, consolidation occuring. Take profits short term. Look for upward hook on 5 day stochastics to get back in. LTBG--Strong Downtrend. No play or quick short. Need some type of peak to short into. LTXX--Don't like long term downtrend. Neutral trend and narrow bollinger bands. Stochastics at 20. Try buying on a hook, but better short play over $5.00 at the upper bollinger band on price and peak in stochastics. MEDA--uptrend undergoing profit taking and consolidation. MIND--Stochastics at 20 and price at the lower bollinger band. Buy on hook in stochastics or at the lower bollinger band for bottom fishers. Neutral trend increasing risk. If a downtrend develops. Look for peak in stochastics w/hook to short into. MUEI--Strong uptrend remained intact. Showing a strong hook now. Looks like a strong buy to me. NORT--downtrend and can't short it ($1.50 stock). Stochastics are less than the 12 day moving average which is bearish. NSCP--uptrend and 5 day stochastics at 50. More upcoming consolidation. Bollinger bands have a ways to go before they are fully narrowed. Still waiting for the hook. Write covered calls if you are long. ORCL--uptrend now neutral and narrow bollinger bands. 5 day stochastics at the lower band. Must wait for the hook or buy at the lower bollinger band on price. OXHP--uptrend heading towards neutral and 5 day stochastics at the lower band. Look for and buy on hook on stochastics. PNDA--slight downtrend--no play. Last chance to short it. 5 day stochastics hooking downward. PRMS--Slight downtrend and and narrow bollinger bands. 5 day stochastics appear now to be peaked. I'd strongly consider shorting it. PSIX --I hate this stock. Slight uptrend. Wait for $9 to short it. QWST--Neutral trend at lower band. Buy for ride to upper band. RIG--Neutral trend. At lower bollinger band on price. Narrow bollinger bands too. Try buy at lower bollinger band. Sell at upper bollinger band at about $44 to $45. SCTC--Pure gambling. Narrowing bollinger bands on a neutral trend. Further consolidation is likely. Showing hook on stochastics. Bias still currently for upward break. SHVA--on an uptrend still showing upward strength. SMOD--uptrend on profit taking consolidation. Look for stochastic hook to buy. SOCR--slight downtrend and near a peak.Showing the hook. Short the hell out of it right here. Use stops. SUNW-- Will be a great short term short on the next peak in stochastics. The trend is DOWN now. SYNT--on a strong uptrend. May still want to try a quick buy. TDFX--neutral trend. Look for short at the next peak/hook in 5 day stochastics or buy for ride to top band. TMX--on an uptrend. 5 day stochastics at 20. Buy on first hook or at lower bollinger band. Its a short term buy here. TRBO--Neutral trend/slight uptrend. Too unpredictable. TSSW--Quick buy on break worked well. On an uptrend. Don't get too greedy. Take profits. VECO--Entering consolidation period. WCII--Continued consolidation. Looks like uptrend is getting weary. Looks like only small profit potential is available on the long side. WTT--Long basing pattern. Bias for upward break.