bearshark: Well I don't really know what you mean by read the tape, heck ticker tape went away years ago...<g>
However, if you mean working off instincts by reacting to the Market real-time, you are not alone! Of course, the minutia of what you do may be slightly different than what I do. Suspect we are not alone.
I daytrade via "instincts". IE: My read on - Level II, 5 Very short-term time frame analytics, trend lines, fib retrace, all coupled with price/volume action. All this on 21 Indices, 15 indicator issues and of course, the issues I am actually trading or preparing to trade. In addition, I track longer-term indictors, which I use to contribute to the MDA thread.
I usually choose not to post my intraday stuff. However, on occasion I will post it, but not often.
Maybe I should have used "instints" instead of "gut feels", does that work for you?
EDIT: While taking the time to type this post, the Market is beginning to behave as expected...
Regards,
LG |
