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Non-Tech : Trading IOMEGA based on technical analysis -- Ignore unavailable to you. Want to Upgrade?


To: Rocky Reid who wrote (1422)4/21/1998 11:20:00 PM
From: Bill Hernandez  Read Replies (1) | Respond to of 1511
 
I see the same thing, but stochastic lines can be up for quite some time before a brief correction and then up again and again and again. Cover...pal.



To: Rocky Reid who wrote (1422)4/21/1998 11:56:00 PM
From: Herb Fuller  Respond to of 1511
 
Rocky , Take note of the Bollinger Band Breakout . This has more meaning than the Stochastics TA .

A bollinger Breakout along with A Long White Candle formation portends a continued movement . In order for this trend to be reversed , after today's 12 Million shares , we would have to have a down day of some 18 million shares following today's action .

Rocky , this is not likely to happen .

Herb



To: Rocky Reid who wrote (1422)4/22/1998 12:57:00 PM
From: Carl Fritch  Read Replies (1) | Respond to of 1511
 
RE: >>The stochastics on THIS chart
say IOM's due for a quick reversal downward.<<

Buy and sell signals are generated when the lines cross...preferably when the stock is overbought (less than 20) or oversold (greater than 20).

My analysis tells me the stock is not oversold or generating a sell signal with Stochastics.

If anyone cares to look at the past history on the chart they will see that this is true.

Carl Fritch