Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: robnhood who wrote (81)	1/8/1998 1:01:00 AM
From: James F. Hopkins	Read Replies (2) of 2120

Another thing I found is the over all NYSE TICK, put out on quote.com, it signals which way the more liqiud stocks are going to move. Its like relitive + or - based at 1..today early there were over 500 down ticks at one time for every 1 up tick. When that started backing off to about 200 at about 12 I knew the market was going to bounce, and regain some losses, by 1pm it moved on the positive side just a little and contined to move more to the positive the rest of the day. The tick refelts what is happening IMO it is often more reliable than the Futures..I have seen the market move aginst the Futures, but not aginst the tick. Jim

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