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

To: Dale Baker who wrote (251)	2/25/1998 2:30:00 PM
From: Wayners	Read Replies (1) \| Respond to of 927

IHS is consolidating. Looks like a good place to lock in profits. 5 day stochastics are dropping rapidly and the moving average on 5 day stochastics is in a steep downtrend. No reason to push the position further short term. CYBR is in a long term downtrend and has been consolidating for several weeks. 5 day stochastics are very high and are almost touching the upper bollinger band drawn around the stochastics. The bollinger bands are real narrow, so I'd expect a sudden break up or down. Given the long term downtrend and the high stochastics, I'd give it a dowside break bias at this point. If 5 day stochastics went down real low without a break, I'd change my mind to an upside break.