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Pastimes : ASK Vendit Off Topic Questions

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To: sandintoes who wrote (18691)2/1/2001 6:16:45 PM
From: Walkingshadow  Read Replies (1) of 19374
 
Sandin,

<< How can you tell the stock was day traded in the middle of the day? I couldn't see that. >>

Can't know for sure, but usually daytraders and momentum players will try to run it up as hard as they can, then take it down just as hard, taking short positions along the way and trying to profit coming and going. The size of the candles is a clue. The candles start out gradually, and are reasonably sized. Then suddenly the candle bodies get very large, and the stock peaks, and then the same thing happens going back down, and then they're off to the next thing......all in about two hours or so. They seem to be playing around with it some today, as well.

askresearch.com

JMVHO.....

WS
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