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Strategies & Market Trends : Analysis Class for Beginners

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From: Arthur Tang6/27/2007 5:45:32 AM
   of 1471
 
Ebb and Flow momentum plays with daytraders, are interesting because the markets are very active even during summer.

NYSE volume 3.26 billion shares yesterday; NASDAQ volume 1.9 billion shares pretty normal.

NYSE got more volume because of tick up and down predictability. But daytraders are cautious to wait for momentum to happen, and yet some stayed too late to see the price ticked down to the origin, if every trade position is closed at the end of the day.

Its still gambling, not fundamental investing. daytraders share each others' wealth like musical chair. Never be greedy to stay in too long. Grab the smallest profit and leave as early as possible. 35 trades a day tells the tale for a reason.

The specialists tick up and down pretty safe, no short interest increase, just penny earned each share traded. But watch out, when a few successive larger trades did not budge the tick up on NASDAQ? Its because NASDAQ traders only focus on one stock out of 16 they market at any time.
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