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To: Dan Duchardt who wrote (10669)5/9/1999 12:25:00 PM
From: jebj  Respond to of 14162
 
>You can adjust the number of periods used for the indicators with myTrack/AIQ. The default for stochastics is 21 periods, but you can set it from 1 to 65. Perhaps not as nice as having multiple lines, but if you find the optimum # of periods you can settle on that. - Dan

Yup - but your are then right back to where you were - acting on one indicator.

If you choose the fast track you get many false indicators of change. If you chose slower ones, by the time it showes a change, the change may have already reversed direction - at least in an intraday situatition.

As I go back over the last two weeks of intraday 1 minute charts I see many cases where the fast has made a marked move and has then changed direction just as the medium and slow are starting to show a change. This initial movement of the fast may has resulted in over a point change in stock price but by the time the other two - and the RSI - start to show a change the stock has reversed again.

One thing does seem consitant - when the RSI does show a marked turn from below the the 20 or above the 80, it has usually indicated a large movement in the stock. On the stocks I have been tracking, this appears to happen 2 maybe 3 times a day. Hitting 2 or 3 trades a day would not be half bad.

jb