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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?

To: Aishwarya who wrote (432)	4/7/1998 11:16:00 PM
From: James P	Read Replies (1) \| Respond to of 2887

Hello All, Does anyone follow stochastics oscillator ? Abmi dropped below 20 which is considered a buy signal. This indicator has been fairly accurate in the past. Developed by George Lane, it is widely followed and is interpreted in a similar manner to RSI. Stochastics is the measurement of price relative to the range of prices over a predetermined period of time. Think about that for a moment. Where is the latest price relative to the range of prices over the last, say 14 days? This is what Stochastics is all about - the measurement of where you are relative to where you have been. If the period of time chosen for the range is coincidental to the short term cycle of the market, normally 14 days (3 weeks, considering there are 5 market days per week), Stochastics can be used similarly to RSI. When today's close is near the extreme for the range, a change in direction is probably imminent. Stochastics, like RSI, ranges between 0 and 100. The interpretation of Stochastics is quite similar to RSI except that the threshold values are slightly different. Stochastics use 20 and 80 instead of the 30 and 70 used by RSI. Always do your own DD Good Luck To All (Jim) and Go ABMI