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

To: Matthew L. Jones who wrote (5389)	11/13/1999 10:02:00 AM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

Matt, <I believe it is much more useful to identify those stocks which are able to buck the trend and then use them to trade when the tide turns> Excellent point. One of the best "convergence-divergence" indicators for intraday traders is to see how different stocks react to sharp trend movement. Everyone has seen those days when semis just ignore selloffs and do their own thing. Of course they're the best group to buy as soon as the selling wave is over. The subsequent rallies also tend to be very strong as a pool of traders just got shaken out of their long positions on the selloff and are looking for a new home for their cash. Alan

To: Matthew L. Jones who wrote (5389)	11/13/1999 11:15:00 AM
From: cloudless	Read Replies (1) \| Respond to of 18137

>> Matt wrote: DJIA, SPX, VIX, TICK, and TRIN<< Matt - these would be the Dow Jones, S&P 500, Volatility Index (shows up on TC2000 as VIX-X?)??? What is the TICK and TRIN and where would I find them. Thanks..

To: Matthew L. Jones who wrote (5389)	11/14/1999 11:12:00 PM
From: shasta23	Read Replies (2) \| Respond to of 18137

Hi MATT! Great post for my Traders.doc file! Your "trade blotter" and how it improved your batting average interests me. Could you expand on this technique a little bit? If that's something you don't want to talk about i would understand that too. One of the things i would like to know is how you in reality record the trin and tick? Especially the tick is so volatile that writing it down a minute or two later can change things quiet a bit. So are you using e.g. moving averages on the tick and trin to get a clearer picture of the trend in these indicators or do you just try religiously dot them down every 30min? And another question would be if you think this technique is also useful for position trades using like a reading every 60 minutes? Any comments are appreciated!! Stefan