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Non-Tech : MB TRADING

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To: funk who wrote (2562)	12/7/1998 12:55:00 AM
From: scanshift	Read Replies (2) of 7382

As hard as it may be for my many fans to believe, I finally agree with Funk on something. The hell with news and hot tips and so on. Daytrading stocks as far as I am concerned requires stocks with consistent large intraday ranges. My definition of consistent intraday is very flexible: it can be a couple days to a few months. Remember that as soon as a stock opens up, it opens on a print. The next print starts the days range. From then on out it is just a function of trying to participate as frequently in bits of the range extension until one's definition of a normal day's range has been set. The SCANSHIFT Range Extension Rectangle I invented was for the purpose of always having in one visual glance what the high, low, last, and what type of range we have had so far in a day's session relative to a user's definition of a normal day's range. Watch some of the top volume internet stocks, and see the great point ranges they consistently put in each day. Keep those private posts coming regarding your ARCA experiences.

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