Momentum Daytrading - Tricks of the Trade Message Board

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

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To: Glenn who wrote (1712)	12/14/1998 5:43:00 PM
From: Ken Wolff	Read Replies (1) of 2120

As a daytrader, one MUST be aware of what type of market he/she is trading. These are generally the type of markets we will see: 1. Running Market 2. Bull Market 3. Neutral Market 4. Negative Market 5. Extremely Negative Market On a scale of -10 to +10: Running Market is numbered as a +10 Neutral Market is 0 Extremely Negatve market is -10 Bull markets when they top can get what is called "frothy". This is generally an indication of a possible direction change. It really signals the point in which traders are confused and do not know what general direction the market will be going. It is usually signaled by inconsistent buying and selling. It can make stocks go unreasonably low and unreasonably high. This is generally truer with Institutional Traders and Professional Daytraders. Amateur Investors and daytraders are apt to do anything as they are generally always either lucky or confused. The reason for this is indicators are mixed, trading is mixed and no longer consistent. Ken www.mtrader.com

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