We study the stability and pointwise behavior of perturbed viscous shock wa
ves for a general scalar conservation law with constant diffusion and dispe
rsion. Along with the usual Lax shocks, such equations are known to admit u
ndercompressive shocks. We unify the treatment of these two cases by introd
ucing a new wave-tracking method based on "instantaneous projection", givin
g improved estimates even in the Lax case. Another important feature connec
ted with the introduction of dispersion is the treatment of a non-sectorial
operator. An immediate consequence of our pointwise estimates is a simple
spectral criterion for stability in all L-P norms, p greater than or equal
to 1 for the Lax case and p > 1 for the undercompressive case.
Our approach extends immediately to the case of certain scalar equations of
higher order, and would also appear suitable for extension to systems.