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

To: - who wrote (856)	6/16/1999 5:11:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 18137

Steve...hi there.. heck i've been trading the OEX for years...all i do is use a service??? hahahahaha.. you mentioned Traders Faxline..a friend checks it everyday...hey he;s good with supports and resistance numbers..like amazing...i like his OEX calls each day..not bad... Man my nets were on fire today...YES!!!! Juice...

To: - who wrote (856)	6/16/1999 6:28:00 PM
From: Teresa Lo	Respond to of 18137

No problem - we'll be there. It was a tough day today, the toughest in a while, but I made quota, and I won't moan too much. But as you can see, trying not to scalp is very difficult, but in the long run, it's the only way to go - William Eckhardt's interview in the Market Wizards says it all - intelligentspeculator.com The battle is to keep risk in line with reward and not focus on the batting average. We must make every attempt to stay out of choppy markets, trade the trend in hand (but I don't think today was really a trend day by opening monster gap up and then treading water) and devote the rest of the time to finding emerging trends. Another good read is The Phantom's writings, the link for which Cleavis posted for us yesterday at futuresmag.com Thanks for all the kind compliments. Over the past month, many capable traders have found their way to the "chart" room and they have added to our knowledge, particularly of tick, trin, prem and fibonacci applications. Kudos to them as well. Hopefully some of them will write an article or two and I'll post them up for this thread.

To: - who wrote (856)	6/16/1999 9:12:00 PM
From: Hands Off	Read Replies (2) \| Respond to of 18137

Thread, general question. How do you identify a 'trending' stock, etc. Many of the TA tactics I am trying to learn require you to know if the stock is trending. But they don't really tell you how to do this. Elder does it a lot. This weekend I attended a seminar from OmegaResearch and they talked about 3 stock patterns, Trending (Dell was the model), Volatile, (CMGI the model and No trend - forget the model. But I still can't figure out if you can precisely identify these patterns. Any help. TIA and great, great thread. Marshall