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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (3244)1/26/2000 1:44:00 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 7434
 
I actually find value in both types of charts. For my normal evening chart analysis for position trades, the DWA charts are very good for identifying support and resistance levels and an intraday tick chart would just be too much noise for my nightly analysis

However, when I am getting ready to buy, I pull up the rt bar chart and pick my entry point from that chart.

I bought JDSU at 215 1/4 today based on my read of the intraday bar chart. And I made a couple of general market calls today also based on the rt intraday charts.
Message 12673446
Message 12675065

I would like to see the JDSU chart to see if it would have had me enter at the same point, but I know that the interday charts would not give me a real good guide to get me in at the low of the day.

I am pretty much a self taught neophyte, so I truly wasn't aware that intraday data was available. But it makes sense to me since the technology wasn't really conducive to distributing the data.

I should point out that I also look at MACD