Naz News, Gappers and FLE's

[mcmike]

STJ a study in trading via stochastics:



buy crossing up from oversold
sell down from overbought

entry point: clearing $40 previous resistance from 2004 after the retreat from the high near 43 and pullback to 34.48 (a conservative entry giving up a $5 swingtrade).

 date  entry  inprice outprice gain/loss 
 05/16 long  38.54 40.80 2.26 
 05/27 short 40.80 39.62 1.18 
 06/14 long  40.36 44.25 3.89 
 07/13 short 44.25 43.75 0.50 
 07/18 long  43.75 47.16 3.41 
 08/01 short 47.16 43.99 3.17 
 08/25 long  44.03 47.23 3.20 
 09/12 short 47.26 46.09 1.17 
 10/14 long  45.00 47.99 2.99 
 10/26 short 47.99 48.43 -.44 
 11/23 short 49.07 48.60 0.47 
 12/02 long  48.78 53.40 4.62 
 01/17 short 53.37

buy hold          +14.83 +38%  
 buy oversold      +20.37 +53% - 10 commissions 
 buy 100 long,  
 cover & short 100 +26.42 +69% - 24 commissions