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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: William W. Dwyer, Jr. who wrote (1422)8/11/1998 12:55:00 AM
From: Lee Lichterman III   of 2120
 
To add to what has already been said. The TICK can also be used to indicate large buy and sell programs also by watching for large sudden jumps. That is the way I have found it the most useful. A sudden surge of 500 points or so will usually be the first sign that you need to enter or exit fast an issue you have been watching yet the price hasn't shown the upcoming move yet. Many times you can find yourself holding a good momentum mover when suddenly the TICK will swing hard negative. I usually find it is time to exit on the first opportunity before the massive sells hit the gains I have made to that point or if I am trading the put side looking for the positive tick of a buy program. You still need to see if your stock is in the program so it is not an automatic. Sometimes the buy/sell program s won't have your issue loaded and it will just skip you.
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