Stoch Update for second part Jan 2010

I TAKE NO RESPOSIBILITY FOR ANY ERRORS OF ANY KIND
REMEMBER THIS IS ONLY FOR SHORT TERM MOVES (+- 15 DAYS) AND LONG TERM DECISIONS SHOULD NOT BE MADE UPON  THE VEIWS EXPRESSED HERE IN.

First a look how the first part shares performed.

ACL peformed very well ,Recession line up, OBV strong  STOCH at TOP.

AGL preformed fairly well, Regresion line firmly up,OBV weak STOCH at the TOP (Might Retract Slighly)

BIL  preformed well         ,Regression line up    ,OBV neutral   STOCH at the Top.

OML  Neutral                 Regression  line slightly up OBV neutral      STOCH on 80% so it could still go up.

SOL  performed fairly well Regression Line  DOWN       OBV neutral     STOCH  at Top

FNB     performed very well Regression line up OBV neutral STOCH  at top

That ends the reporting onthe above shares.

Now for MY  NEW STOCH FILTER. Do not jump in right away but watch out for other indicators on  the chart for the best entry time

SAB   STOCH  BELOW 20%  and gaining  but note the OBV is weak

MTN   STOCH RIGHT BOTTOM  but gaini

Sappi (a share that has dropped out of the top 40 at the moment)
 STOCH halfway UP
14/JAN/2010 UPDATE SAB showing some signs of rising, as the bollinger band starts to restrict
MTN Signals starting to recover
Also worth watching is Naspers notes
In all cases do your own research then decide if and when to enter.Read the previous blogs for stratergy tips
I am watching the banks carefully .At the moment there are not enough sings of a change in direction and will add as soon as they show positive indications of an up trend.

The above information might help in trading derivitives.I trade warrants .I use the Standard Bank Charts which I find adequate.they are available to any one that has a trading account with the their Equities trading department.
Remember to do your own research as well before jumping in as derivitives are very volatile instruments and always keep a stop-loss and have Alerts sent to you.
DO NOT RELY ON CHARTS BLINDLY,FIND OUT WHY A SHARE IS FALLING OR RISING. Some times  the SToch is at the top but the share is re-rating which means it will stay there for some time before falling back. I dont believe in this bull phase of the market PUT can yeild a profit, with always exceptions of course .TKG has been falling like a stone,perhaps worth investigating, but I know nothing about it.