DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Matthew L. Jones who wrote (5389)	11/13/1999 10:02:00 AM
From: TraderAlan	Read Replies (1) of 18137

Matt, <I believe it is much more useful to identify those stocks which are able to buck the trend and then use them to trade when the tide turns> Excellent point. One of the best "convergence-divergence" indicators for intraday traders is to see how different stocks react to sharp trend movement. Everyone has seen those days when semis just ignore selloffs and do their own thing. Of course they're the best group to buy as soon as the selling wave is over. The subsequent rallies also tend to be very strong as a pool of traders just got shaken out of their long positions on the selloff and are looking for a new home for their cash. Alan

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