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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim Baker who wrote (24204)	11/6/1999 8:12:00 AM
From: stan s.	Read Replies (3) \| Respond to of 108040

Intrady charts. Jim, if you're going to use intraday charts on high flyers (or any daytrading) you'll get killed if you use delayed charts. I missed the initial run on WFII but noticed it mid afternoon (thanks to the thread)...here's my post at 2:57. Message 11824161 To: $Mogul (24065 ) From: stan s. Friday, Nov 5 1999 2:57PM ET Reply # of 24217 *WFII, bollinger squeeze break on the one minute chart, bought at 60. eom* >>Edit<< I'm referring to the red vertical line on the chart below as a precursor to the move. Now look at this intraday chart. This is a one minute, I much prefer the smoothness of a 5 minute but on a high flyer a 1 minute can be helpful. This clearly illustrates what was happening right before I bought and posted...the bollinger squeeze (generally means a move is coming, up or down) the Stochastic buy signal, the turned up RSI but most importantly... the beginning of the volume spiking again geocities.com I'm not saying you have to have intraday charts but I am saying if you use them they have to be real time. A delayed chart would be worse than useless, it would almost guarantee buying at the worst times...often tops. Best of luck. Stan

To: Jim Baker who wrote (24204)	11/6/1999 10:50:00 PM
From: amadeus	Respond to of 108040

you must have a real time intraday chart.. that updates as short an interval as possible.. mine updates once per minute.. and that's really not good enough...so I have to watch the chart, and then the trades on my quote screen in real time to pick my entry points carefully...mytrack is nice in that I can watch the bid/ask, last trade & volume on the trading screen,while I fill in the order. & have L2 up as well if I want, but these ipos move so fast sometimes I just watch the chart and the trades..