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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (8829)2/19/1999 7:38:00 AM
From: Vic  Read Replies (1) | Respond to of 43080
 
POSS is getting ready to start its big move, its FDA approval should happen in the next four weeks.Volume is starting to pick up and its chart pattern looks real bullish. Looking for POSS to be in the 20's real soon.



To: AlienTech who wrote (8829)2/19/1999 8:32:00 AM
From: LastShadow  Read Replies (2) | Respond to of 43080
 
A stochastic is a momentum or price velocity indicator. Looking at the price chart isn't the same as looking as a stochastic plot. One looks for a price trend reversal when the three-period simple moving average of the Lane's Stochastic {(Close-Low)/(High-Low)}*100 diverges from price. Crossing below 50% indicates that we may be apporaching a price trend reversal.

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