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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Eric P who wrote (7419)6/3/1999 11:02:00 PM
From: TraderAlan  Read Replies (1) of 12617
 
Eric,

<although this eliminates some of the problems of getting orders filled, it is more of a method for 'counter-momentum' traders, versus momentum traders>

Not necessarily. For example, if you look at a 1-min chart of AMZN's 13 point, 1-hour run yesterday, you can see 6 pullbacks that would have provided ample sellers very short term, allowing a sharp trader to grab up shares for the next surge.

I uploaded a GIF at my site showing the short pullbacks:

hardrightedge.com

Alan
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