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To: upanddown who wrote (15151)3/17/1998 5:47:00 PM
From: RGinPG  Respond to of 95453
 
The stochastics can't help us anymore until we get some positive action in the OSX. We'll need at least 2 days of slightly positive to at least flat action before a buy signal comes in. The wisdom of the stochastic trading system is that it gets in after the ridiculous selling is over. I tried to out-guess it and get in at the absolute bottom, and I think I missed it by one day.

My guess though: This is a recurring pattern, ridiculous selling, then a rally. I misinterpreted Monday as ridiculous selling. We held crucial support today at 95, and are still officially in a pattern of higher lows and higher highs (unless we close lower tomorrow of course). I'm sticking to my guns.