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Technology Stocks : Trading TAVA -- Ignore unavailable to you. Want to Upgrade?


To: ayahuasca who wrote (310)5/8/1998 1:24:00 PM
From: Joseph J. Valenzuela  Read Replies (1) | Respond to of 655
 
No lunchtime antics this Friday by MM's.

FWIW, the Stochastic Oscillator's %K (43) line rose above the %D (35) line in today's action so far. On 5/6, the Williams %R (85) indicated a slightly oversold condition and then turned upwards on 5/7. Now today it looks like we're approaching %R "overbought" territory at a %R of 20 (as of 1:00PM).

TA gurus, does this look like a correct read? I suppose that these oscillator would whipshaw us if we believe TAVA is trending upwards. Then we'd be better off using trend-following indicators like MACD. No?

I'm new to TA, and I'm using TAVA as my classroom. If I say any outrageous, please correct me!

Best regards,
Joe