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

To: Wayners who wrote (337)	3/13/1998 4:20:00 PM
From: Roger Hess	Read Replies (1) \| Respond to of 927

Wayne - Thanks for the analyses. I'm afraid they are a little too technical for my understanding. I've seen VLSI bounce twice since December from around 19 to around 25. In layman's terms, since it has gone down into the 18-19 range, do you see it going back up to the 24 to 25 range again any time soon? I began this thread because it seems that most stocks bounce back for a 10-20% gain within a month when their stochastics go below the 20 level. Going back over 180 days, most stocks perform in this way. A few tank and stay there, though. Also, you talk alot about shorting stocks. Do you focus on shorting or are so many stocks' stochastics above 80 because the market is currently so high? Intel recently went below stochastics of 20 and I purchased it based on this assumption. Is my thinking right or wrong? I would think it's stochastice will rise above 80 again and this will be the time to sell.