DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: AD who wrote (3385)	8/29/1999 2:56:00 PM
From: Robert Graham	Read Replies (2) of 18137

Now what does this have to do with day trading? Lets give the sys admin a note over this joker who made this off topic post of contentious material. Yet another misguided soul. Instead of hyping stocks, are we now in effect hyping people? In this case a person who has been kicked off the boards repeatedly by breaking well-known rules. He has had his chances. And he understood the consequences of his actions in each case. Anytime someone because of their popularity thinks they are more powerful than the sys admin where they can disregard etiquette and well-established and well-known rules enforced by the sys admin, they usually have their "lights" taken out, electronically speaking. Over ten years on the Internet, I have not seen one case to the contrary. Ego in time ends up getting the biggest and the best in trouble. So enough of this joker. Lets once again get back on topic. Lets talk about how a very short term trader would recognize and take advantage of a change in trend. Note that this is different than bottom fishing. Change of trend sounds fundamental enough to me. This could involve something as simple as a break in the trend line to a determination entirely made by price action. The former can be facilitated by divergences with respect to price in supporting technical indicators. The latter determination can be facilitated by what some traders call 1-2-3 lines. And when does the trader see the trend change as actually being confirmed for his future trading purposes? How can other stocks in the same group help to determine a trend change? Here we are talking about a more global change in trend. And in these situations, particularly when the group of stocks is part of the leadership and open to day-to-day market forces, does it help to wait in order to take a position in-line with the aggregate instead of trading against the current market direction? In other words, how much can the day trader be "thrown around" by the day-to-day price action of the market when trading setups made strictly made on the intraday chart of a stock? Just some ideas. Bob Graham PS: Has this guy Jetups ever posted to this thread before? Hit and run I guess. Another lost soul being used by Anthony.

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