Yes I actually wrote my response to you from the short side instead of the long, sorry for that, so lets say the 60 stoch pops up over the 20 level on the daily but as that happens the 14 is basically or possibly overbought, I might then wait for the 14 to drop back to the 50 level or likely oven back down to oversold before entering (you could also scale in at desired levels).  The risk is that never happens and the stock takes off but while waiting for the 14 to become oversold what is the 60 stoch drops back below 20, well your thesis is probably over and you would normally be trying to decide whether or not to exit - in this case you were never in so you just start the process over again.

Its an art not a science but just my thoughts.  Hope that helps!

Agreed Ditch.  I still look at the 60 but after a 1-4 hour chart I do give it less credence when compared to the 14.  So lower timeframes using the 60 = more credence, higher = ok for overall tend but generally too slow to consistently trade with.  So what does that mean for you jamesl?  Maybe a set-up I would give more credence to is losing the 60 on the Daily but waiting for then the 14 to get overbought, check back with the 60 stoch, if it continues to trend lower and now the 14 overbought then I look to short. 

Does that make sense?

The problem can be when you short the actual action on some lagging indicators then you short the bottom and the position almost immediately goes against you unless you get a continued emotional move (which happens more on stocks than indicies IMO).  By waiting for the shorter term indicator, and price, to bounce you decrease the risk/reward - also, your sentiment might change on the bounce and you realize the break was a false one - just this schmucks opinion.

I find the 60 sto to be too slow on daily charts, I know Steve and Matt and others use that but I prefer the 14 slo sto.