You can see here how not combining Magee, et al with indicators is a disadvantage in being able to think through what indicators are telling a person. Apparently the boat Nitro, inandlong, and oldtrader occupy is one where they haven't as yet gotten the indicators now available to reinforce their intial TA understanding. This is not a complicated process especially if you have a long history with the market. To get the stochastics straight, you can do two exercises: First, just use it on paces of the market that are definitive (fast paces only). Second, set up three defaults on the stochastics to find out what the settings are for. Use the original and Pring's new setting for good extremes. Pick another intermediate one to show parts of the others. It will be quite clear where oldtrader's screw up that he currently holds. "overbought" to oldtrader says "here is a signal for you to take action". He apparently does not know what the action is that he should take because he takes the opposite knowing that he has a paradoxical view. By doing the two steps he can cure himself since he is already half way there. The second one will be most illuminating to him. Once he calibrates himself on stochastics he can see that his TA vis a vis Magee and the proper understanding of stochastics is in perfect correspondence. we all have to work through each opportunity that shows up to get to the best place. It is worth the effort instead of saying you like being stuck in a place instead.