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

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To: lizard lick who wrote (468)2/9/1998 5:46:00 PM
From: Ken Wolff  Read Replies (2) of 2120
 
Hi Lizard,

stock is up almost 4 points in two trading days

I will generally consider shorting a "gainer" for only a short period of time(a few hours at most normally). I find longer term plays may or may not work out.

Usually you will find momentum stocks predictable for about 2 days after the original reason for the momentum such as NEWS. This is a nervous market and anything can happen on a daily basis.

Ken
mtrader.com
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