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

To: Wayners who wrote (316)	3/4/1998 8:07:00 AM
From: Mark	Read Replies (1) \| Respond to of 927

Wayne, I'm not proposing any heavy debate here (!) What I was thinking is that TMAR (and probably SFY) seem to me to be buy candidates because they are in a "recovery" situation and their FA's seem great (and I'm long both as a measure of my belief). Now, I will almost certainly be right about them rising in the longer term, but what I'm not so sure about is the precise timing of any major moves. My interest is in how good the stochastics are at predicting the upward moves. My instinct tells me that yesterday was a good day to buy (hence my post on Monday evening). At the moment the stochastics don't quite agree, though your Tuesday response suggested to buy TMAR on a $20 breakout. TMAR touched $20 a couple times yesterday, and might meet your criteria today. So I guess what I'm interested in is a "workshop" analysis of TMAR for the next few days to see whether my instinct or the tools provide the best info ! At a mimimum this would help me learn the value of the stochastics in a recovery situation, which is my preferred, medium term investment. FYI - I think SUNW had run out of steam, and that your call of a few days ago was right. What screwed things up was a very positive analyst report on Friday - i.e. on the day the trend should have changed. This caused the rise, and volume, on a day which should have been a fall. Mark