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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: KM who wrote (612)6/13/1999 11:04:00 AM
From: TraderAlan  Read Replies (2) | Respond to of 18137
 
KM,

<the stampede>

I've become real aware of these itchy trigger swings in timing my entries using the T and S. I call it "the toilet flush" when price drops down off minor support and a zillion 200 share orders pop through.

If price is dropping into better support (something in the TA) it's a comfortable place to enter. The small size tells me the little guys have panicked out and the MMs have executed their SOES crap, which they do at the bottom of swings. It also improves my odds of getting a faster fill on a larger order through the discounter order flow system since its also the bottom of their basket.

Alan