LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (3481)	12/1/1998 6:00:00 PM
From: Jeff Sutton	Read Replies (2) of 43080

Scott, I'm been trying to hone my day-trading skills lately, and am wondering this: Is there a way to identify a shake-out of an uptrending stock on an intraday chart? Especially if MMs are trying to temporarily drive a stock lower, which I've heard they do. I was trading CUST today and noticed at one point that the ask and bid were jumping around BELOW the last indicated price. In fact, at this point there was a shake-out and the stock resumed it's trend upwards shortly thereafter. (BTW, I'm using MedVed Quotetracker as my only trading tool.) Was this just coincidence or is there something to this? Thanks ... sorry if this is a confusing or dumb question! - Jeff Sutton

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