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

To: sammy levy who wrote (291)	3/2/1998 4:34:00 PM
From: Wayners	Read Replies (1) \| Respond to of 927

I'm not a big fan on the volume on CORX, but then again it is a $1 13/16 stock. The simple 14 day moving average is trending higher thanks to the break out above $1.75. The 5 day stochastic is trending up as well. Same with RSI. The BB's have opened up but seem to be remaining steady. That's ok. I just don't like it when they start narrowing. I think it looks okay. Set stops at the low of 2 days ago. That always works for me until I see a top, then I move the sell order way up and just get rid of it at the highest price I can get. With the trend being up, you don't need to be as concerned about either stochastics or RSI being overbought. In an uptrend, the height of the successive peaks on RSI or stochastics are important. Make sure that they too continue to set new highs. When they don't, you've got a divergence on your hands. It tells you that the trend is starting to lose momentum--but you still have plenty of time to get out--usually weeks.