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: Randy Majors who wrote (1880)	3/23/1999 5:25:00 PM
From: Ken Wolff	of 2120

Hi Randy, <<Isn't that pretty risky? For example, in a buy situation, I have found it more effective to wait for the "bottom" to start turning up slightly (on high volume, with Level II looking "right"), and then to buy at the ask, and then moments (or minutes) later to sell at the ask (before the upticking has slowed too much).>> It's all a matter of anticipation and timing. I usually look for a PAUSE followed by INBTWEENER trades followed by BUYING to identify a short-term reversal of a quick sell-off. More conservative traders can certainly wait for an uptick confirmation before entering the trade. Ken www.mtrader.com

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