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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (7607)	3/5/1999 3:17:00 PM
From: Les H	Respond to of 99985

Looks like if NDX closes up 28 or higher, the 21 day Stochastic buy will be triggered.

To: Les H who wrote (7607)	3/5/1999 3:28:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Les Horowitz: I looked at your chart and noted a rise above 25 triggered a buy and a fall below 75 triggered a sell, but how does this indicator handle a rise above 25 triggering a buy, but the Market tanks soon after not allowing a rise above the 75 line? And the reverse could be said of a sell generated with a break below the 75 line with a sharp reversal to the upside leaving one standing on the sidelines for a long term up move. This problem would be a serious flaw in any indicator. Regards, LG