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One of my three stochastic buy signals from last week showed very poor results:
Nikkei 225. This shows, that you should never rely on one indicator only.
The Nikkei broke down and is now at the level of itīt intermediate low of July, 7-9.
If this support doesnīt stop the descend, there are some more losses waiting ahead.
My friday exploration gave me two other interesting signals for US stocks:
Nynex Corp. and International Games.
However: Nynex is still moving withing a symmetric triangle, so I want to wait, until the
resistance at 55.70 will be broken.
Intern.Games has a resistance at 18.10, present price 17.
Maybe some of you like to look at the charts and give some feedback.
Greetings
Thomas
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