S&P 500 Analysis & ETF Trading

[kiy]

The Last Stochastic Technique
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A study published in "The Encyclopedia of Technical Market Indicators" found that some very good signals were given by an un-smoothed 39 period stochastic oscillator (K = 39, no signal line). A buy signal is generated when K crosses above 50% and the closing price is above the previous week's high close. Sell and/or sell short signals are created when the K line crosses below 50% and the closing price is below the previous week's low close. Taking a longer period, and not smoothing the data over a 3-period moving average allows the analyst to view Lane's Stochastic.

SLOW STO(39,1)
http://stockcharts.com/school/doku.php?st=lane&id=chart_school:trading_strategies:the_last_stochastic_
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I'm going to use the 3 signal line on the charts below...





39,10 slow Stochastic





The Last Stochastic Technique