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Post# of 16651
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Re: ClayTrader post# 4102

Monday, 10/05/2009 8:15:37 AM

Monday, October 05, 2009 8:15:37 AM

Post# of 16651
The stochastics dont allways show oversold or overbought when below 20 or above 80. It depends on the measure of trending. In a stronger trend the stochastics can remain in overbought and oversold for extended periods of time.

Perhaps an idea to add the Directional Movement indicator (ADX) to the charts to decide whether or not one can reliably use the oscilators such as stochastics.

Also im missing the weekly chart here, that shows another support at 18 cents.
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