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To: Chuzzlewit who wrote (65845)	9/17/1998 12:30:00 AM
From: StockJock-e	Read Replies (1) \| Respond to of 176387

Hi Chuzzlewit, I forgot to explain how these indicators work... Basically, we have two alert lines, one at 25, and one at 75. When both the green and yellow lines are below 25, the stock is oversold and should pull up, the confirmation takes place when the green line crosses above the yellow (as indicated by the buy arrow). Vice versa for the 75 range. Obviously looking at this 6 day chart I am ignoring the bigger and more important picture, the 52 wk chart, support levels, moving averages etc... My suspicion is that there is some inadvertent data mining going on. That is, the buy/sell decision is not taken immediately... Obviously professional traders would have level 2 quotes and watch the strength in the bids for confirmation of an uptrend. So if the buy signal is at 54 1/8, they may only jump in at 54 3/8, but still make a tidy profit selling a day later at the next sell signal. Second, there is no indication of what the actual price would be to buy and sell. Remember, you buy at the asked and sell at the bid. Assuming the spread was no bigger than about 1/2, it wouldnt have made a difference on any of these signals. A buy or sell at market would have turned a profit. The Jim Leon TA challenge?... could be interesting.