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

To: TLindt who wrote (384)	3/26/1998 6:38:00 PM
From: Wayners	Read Replies (1) \| Respond to of 927

With CKFR I think the uptrend helps a lot. It takes an uptrend a lot of times to break through resistance levels. There is overhead supply with CKFR. Its high is in the $30 range. I may be low on the next top. All I know is that it is a buy based on 5 day stochastics and that the uptrend is intact. That's all I need. On that last sell signal I shouldn't haven't reverted away from the signal to the $25 resistance level. You have to admit though that 5 day stochastics had that peak pegged. Am I right? The low volume is typical on dips in an uptrend. Yes, all those that wanted to take profits or got scared out of their shares are now gone. That low volume just confirms the 5 day stochastic buy signal. Any news of course could change everything. Seems to me you bought near $20.