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

To: Richard Estes who wrote (4009)	9/15/1999 1:04:00 PM
From: compradun	Read Replies (2) \| Respond to of 18137

Hi Richard: I also have recent become interested in tick volume [I believe that was what you referred to] as well. IMNX today is a great example. It reversed powerfully when the tick vol spiked. There has also been discussion on the omega eskimo digest recently. Regards Comp

To: Richard Estes who wrote (4009)	9/15/1999 3:09:00 PM
From: Cormac	Respond to of 18137

Richard - ...rather see twenty 500 share trades Your post cuts right to the chase...as a scalper I will not trade stocks without both volume and pace...but as always there are exceptions a stock with new news announced intraday, volume is low and as news is digested by more traders pace drastically increases pumping up the volume and driving the price up or down as per the perceived "value" of the news...a play exists on the first move (let's say on good news, a long position) but if you have been unable to find an entry and refuse to chase(as a general rule)...there still exists an opportunity to take advantage when profitaking occurs - either from daytraders or from position traders who see the opportunity to lock in some profit and/or that traders have over-reacted and parity is somewhere below...the strength of this profitaking and correction will help the scalper determine the probability of a continued run up fueled by traders believing they are jumping on a rocket and/or short covering and position traders who are buying on the breaking of resistance looks like I got a little off the subject...sorry I guess I look at volume as having an engine running at high RPM's...without shifting thru the gears (pace) all that energy and power (volume) is not going thru the drivetrain (Level II) to the wheels (time and sales) and moving the car (stock) up or down the road (support/resistance and intraday highs/lows) just thought of the above analogy as I was typing so please don't pick it apart too much...am just trying to express a general point actually I might like this analogy, as you shift gears (pace) rpm's drop only to build up again...only if you are accelerating...uummmm...will have to think about analogy some more The other strong indicator that I use as I screen for stocks that are "in play" is an marked increase in volume...pretty self explanatory Regards, Cormac

To: Richard Estes who wrote (4009)	9/15/1999 6:38:00 PM
From: OZ	Read Replies (1) \| Respond to of 18137

Richard, Regarding the high volume to float ratio you speak of in this post... Message 10232084 And the Qcharts hot list trade rate scan Message 11170914 how is the scan derived??? IS it just the top 100 as measured by sheer number of trade per minute (unit of time) or does it actually incorporate the 2.8% ratio based on the 21 days. Were you just saying that having a universe of stocks with such a ratio would already have you watching most of the stock found using the hot list? Regards, OZ