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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: Jim Baker who wrote (24204)11/6/1999 8:12:00 AM
From: stan s.  Read Replies (3) of 108040
 
Intrady charts. Jim, if you're going to use intraday charts on high flyers (or any daytrading) you'll get killed if you use delayed charts.

I missed the initial run on WFII but noticed it mid afternoon (thanks to the thread)...here's my post at 2:57.
Message 11824161

To: $Mogul (24065 )
From: stan s.
Friday, Nov 5 1999 2:57PM ET
Reply # of 24217

WFII, bollinger squeeze break on the one minute chart, bought at 60. eom

>>Edit<< I'm referring to the red vertical line on the chart below as a precursor to the move.

Now look at this intraday chart. This is a one minute, I much prefer the smoothness of a 5 minute but on a high flyer a 1 minute can be helpful. This clearly illustrates what was happening right before I bought and posted...the bollinger squeeze (generally means a move is coming, up or down) the Stochastic buy signal, the turned up RSI but most importantly... the beginning of the volume spiking again
geocities.com

I'm not saying you have to have intraday charts but I am saying if you use them they have to be real time. A delayed chart would be worse than useless, it would almost guarantee buying at the worst times...often tops.

Best of luck.

Stan

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