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

To: DJB who wrote (1528)	7/4/1999 12:43:00 PM
From: Dave O.	Respond to of 18137

< Recently I have started shorting which I find difficult in an uptrend market. > FWIW. I only traded 8 times last week and all were shorts. 7 profitable. All in all, a good week. Now a lot of people might think I'm crazy to short last week where we had 5 strong up days in both the Dow and NASDAQ. But I look for overextended stocks, those that have had a good short term run where volume may be tapering off indicating the higher highs are on less convincing volume. I use BB's or maybe look at RSI/stochastics to flag some posssibilities. I was "early" on probably 5 of my shorts last week, that is, they went higher before they started pulling back. I don't look for big gains, rather anywhere from $100 to $500, with an occasional bigger winner. Dave