Stochastic Pop

...cont'd from yesterday...

Cont’d discussion about The Compleat Guide to Day Trading Stocks

Stochastics Pop. This fades the trades indicated by traditional Stochastic readings. Traditionally, Stochastic readings of over 80 indicate overbought and imply a sell signal while readings under 20 indicate oversold and imply a buy signal. However, the author of that book does the opposite. He buys when Stochastics is over 80 and Shorts when under 20.

...cont'd tomorrow...

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