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: Ken Wolff who wrote (116)	1/8/1998 5:14:00 PM
From: Thean	Read Replies (1) of 2120

Ken, how would one momentum trades on the downside? The oil drillers is a group that got hammered down down down by momentum shorts. Does the psychology works in complete reverse to the uptrend scenario? Is there anything special about this downward momentum trading. The oil drillers definitely fits the bill very well for momentum short trading. I noticed that those companies below $5 is somewhat immuned from the feroceous selling force. Is this consistent with the momentum short trading? Thean (want to learn)

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