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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Bilow who wrote (2513)8/7/1999 2:56:00 PM
From: Richard Estes  Read Replies (1) of 18137
 
You are very right about the many ways to make or lose money in the market. There were many ways to have gone short on EBAY without even knowing what the news was.

The charts gave the opportunity. The nearly 40% runup from the thursday low would have caused you to think that the lackluster market would see selling without news with a 50% retracement in line for that stock. on a 5 min chart, a 8/7 displaced MA or MACD(13,34,89). Or the myrid of other indicators would have told you.

Like you said Price is the true value, I like to watch it rather than CNBC.

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