Heavy company share buyback for cancellation, 4.5m in last 16days, starting to effect price,up 15p in last 8 days trading. 442.75-443.50p

Thanks Chocolat for the input, now I need a little guidance here. I have never been able to understand these stochastic thingies, any chance of you explaining how to obtain guidance from the indicator?

You picked a fine time to ask me now! But when a fella nips out to get you the best beans in the world, how can I resist? Well I'm done with chores today, so a quick slurp and a nibble and I'll begin..

Ok opto - this is upside down, because you need to understand RSIs and MAs as well, but I'll start with stochastics, seeing as you asked (and bear in mind I'm a bit fuzzy now). The stoch indicator can identify near term tops and bottoms to help in timing trades closer to reversal points. It's the measurement of a placement of a current price within a recent trading range. The theory is, that as prices rise, closes tend to occur nearer to the high end of their recent range. When prices trend higher and closes begin to sag within the range, this signals internal market weakness. Stochastics is one of a few indicators that uses 2 lines, referred to as the K and D lines (sometimes known as %K and %D) The D line is simply a smoothed version of the K, and the 2 of them are analysed for both overbought and oversold situations - just like RSI. 2 lines give the added dimension of crossovers, which are similar to price crossovers of moving averages (MAs).\

Oh 'eck - that's it for now...I'm sagging too.