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Strategies & Market Trends : Trading From Main Street.

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To: underdog430 who wrote (28)	5/8/2001 4:53:33 PM
From: Brandon	of 226

Mark, Great question. Welcome to the thread. As Linda and Chris pointed out on Linda's site, the tick is a very powerful tool that can be used to confirm gaps. Just like that chart states, if in say the first 20 minutes of the day after a gap up (esp if that gap is limit up) the TICKs can not record a reading of +500 AT LEAST that is a sign to you that the gap is not being well taken and to expect some selling. Keep in mind what the TICKs measure..that is NYSE stocks with the last trade on an uptick vs those with the last trade on a downtick. If, after a gap the TICKs can not record a rather robust reading...that tells you something. I like to watch the TREND of the TICKs as it shows you generally how things are flowing..getting better, getting worse. Other things to look for are the TICKs to confirm new highs and lows in the futures..that is...if the futures make an new high, but the TICKs make a lower high...tells you something might be starting to smell bad in the kitchen. Good Trading, Brandon teachmetotrade.com

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