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Saturday, November 22, 2003 9:43:31 AM
STOCKS THAT MAKE EXPLOSIVE MOVES in an overbought condition using STOCHASTICS.
"By Bill Panetta"
In all my years of trading I have to come like one Momentum Oscillator the most and that is STOCHASTICS.
After years of careful study through trial & error I have come to the conclusion that stochastics has been my best indicator to spot when a stock is gonna make an explosive move.
In the examples on the following charts I have used a stochastics of 66 . why 66 its a fib number. My trigger points on my stochastics is when it gets above 65 thats when I really start to like a stock.
once above 65 I look for the momo set up above the 5&10 day moving average. once we get that its off to the races. MONEY IN THE BANK.
Lets examine some of my biggest winning trades this year applying this method that we just talked about.
Pay attention to the VERTICAL line that is drawing through the chart and stochastics for the power moves in an overbought condition.
"By Bill Panetta"
In all my years of trading I have to come like one Momentum Oscillator the most and that is STOCHASTICS.
After years of careful study through trial & error I have come to the conclusion that stochastics has been my best indicator to spot when a stock is gonna make an explosive move.
In the examples on the following charts I have used a stochastics of 66 . why 66 its a fib number. My trigger points on my stochastics is when it gets above 65 thats when I really start to like a stock.
once above 65 I look for the momo set up above the 5&10 day moving average. once we get that its off to the races. MONEY IN THE BANK.
Lets examine some of my biggest winning trades this year applying this method that we just talked about.
Pay attention to the VERTICAL line that is drawing through the chart and stochastics for the power moves in an overbought condition.
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