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To: jbe who wrote (21891)5/12/1998 1:34:00 PM
From: 007  Respond to of 95453
 
<So, does it make sense to sell it?>

There is no right or wrong, just lots of different ways to make money (or lose it for that matter <ggg>).

Traders gotta do their thing and investors gotta do theirs. Go with what makes sense to you.

I think that mixing overbought as a technical condition with overvalued as a fundamental condition is only confusing. They both refer to different concepts and it's probably best not to try to combine them.

Stochastics is a short-term indicator that helps to time entries and exits so that you can take advantage of short-term price movements. So it is best for short-term trading, but it's also useful to help time long-term position changes once you've decided with other criteria to make a long-term position change.
Just my two pence,
007



To: jbe who wrote (21891)5/12/1998 2:14:00 PM
From: RGinPG  Read Replies (2) | Respond to of 95453
 
I've sold many "overbought, undervalued" stocks over the last 5 months or so successfully, always with the intention of buying back after short term (5 to 10 trading days) dips. You gotta believe in TA to do it though, with FA alone this strategy makes no sense.
rgdoczzz.home.texas.net
represents a trading system that I've been using since the beginning of the year with some success (so far). It works for me is all I can say.



To: jbe who wrote (21891)5/12/1998 7:36:00 PM
From: Chuzzlewit  Respond to of 95453
 
JBE, you asked, Why not be consistent, and say that "the past is no predictor of the future" where TA is concerned?

The reason is that that's the whole point behind TA. TA practitioners believe that past pricesare reliable predictors of the future.

Evidence notwithstanding.

TTFN,

CTC