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

To: R. Gordon who wrote (193)	2/18/1998 12:04:00 PM
From: Wayners	Read Replies (1) \| Respond to of 927

Yes and I don't do it anymore. The spreads are ridiculous and intraday patterns are completely unpredictable. Makes it really hard to make any money especially for the amount of spread risk taken. Predictability and smooth sinusoidal waver patterns are the best. I love it when I find something on a strong trend up or down and the short term moving average like 3 or 5 days is a wave and it has peaked or bottomed. I load up the truck with margin on those when I find them. Confirmation against a bollinger band and peaked or bottomed 5 day stochastics and I'm all over it.