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


To: Carl Fritch who wrote (1428)4/24/1998 11:20:00 AM
From: Raven McCloud  Read Replies (2) | 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).>>

Carl, I agree that the lines have to cross; however, there's is a better chance they will cross when %K rises above 75, which is what has happened with IOM.. So I'm taking a risk they will cross and shorting here hoping to cover around 8 or so.

Good luck all longs.