Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: wallstreeter who wrote (2658)	8/11/1999 11:08:00 PM
From: Eric P	Read Replies (2) \| Respond to of 18137

Just a few of the things I look for are: 1) What does the daily market chart look like? Uptrend, downtrend. 2) How is the volume doing on up days, down days? A strong market should typically rally on heavy volume and decline on weaker volume. 3) How does the market open / close? A strong market should typically close the day near the high of the day. The level of the close is a decent indicator of where professionals think the market should be. The open is more related to where amateurs feel the market is headed. A strong market will open lower/unchanged and rally to close near it's high. During recent weeks, the market has been doing just the opposite (opening strong and closing at the low). Yesterday and today reversed that pattern... we'll have to see whether it continues. This is just a start, I'm sure others will have a much more extensive list of ideas. But for now, it's bedtime on the east coast! -Eric