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Pastimes : Ask Mohan about the Market

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To: Link Lady who wrote (16526)	9/27/1998 9:25:00 AM
From: John Hunt	Read Replies (1) of 18056

A Short Term Momentum Indicator I posted this idea on another thread, but thought it might be of interest to investors here as an aid in timing the entry and exit of longer term positions. ************** Daytrading With A Short Term Momentum Indicator Rick & Daniel, You might want to pick your trades when they are at the extremes of 2 - 3 hour momentum swings. Try this MER chart and set your interval to 15 minutes and with 5 days of data and add a momentum 12 (3 hours) as a lower indicator and chart size Large. If you want you can add an exponential moving average, etc. Then save your settings at the bottom of the page, so that they are automatically used whenever you call up a chart. bigcharts.com As you can see, it works 3 out of times, which is typical on most stocks. Combining it with your other criteria should improve the risk / reward ratio somewhat. It takes a lot of patience to wait for the right time in a stock! I am using this with my new Metastock Pro RT software and Stockedge RT data feed with pretty good results, but the above link should give you the idea. Hope this helps. :-)) John

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