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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Ken Wolff who wrote (2037)	10/11/1999 3:03:00 PM
From: D. Chapman	Read Replies (1) \| Respond to of 2120

Dear Mr. Wolff, Thank you for that honest response. Several chat rooms do not adequately disclose compensation like Pristine and the Executioner.

To: Ken Wolff who wrote (2037)	10/26/1999 2:21:00 PM
From: Ken Wolff	Respond to of 2120

I define Macro Momentum as simply a measure of the amount of buyers versus sellers on the day in our market. We attempt to add potential or take it away from our trades based on the current strength or weakness. For example: many stocks will gap up by 5 bucks, going from 20 to 25 and open at 25 and climb to 25 1/2 then fall and end the day at 21. The market still shows it as a strong day but we measure it differently knowing that most of the day held sellers. Today PIXR was such an example. PIXR gapped from 38 up to 47 and now is sitting near the low. So the Macro Momentum is really negative if all our stocks behaved the same. But RHAT and others are near the highs so we take an average of all the gainers and come up with a general Macro number. It sets us up for our buying the lows tomorrow. Ken mtrader.com