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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (872)10/19/2000 1:08:20 PM
From: CharlieChina  Read Replies (1) | Respond to of 8925
 
good question ... one must have a history of following, tracing and recording the block trades each day of a basket of stocks they follow over 9 month period at least ... and just as one uses TA with price and volume ... one builds their own pattern recognition system based on the history of recorded block patterns ... however, following, tracing and recording is a pain staking process but usually pays off in the long run .... NO pain NO gain ...

Have found over the years that ... when markets get very tough ... Tape Reading(as in Block reading)is the best indicator ... the problem there is knowing how to read the blocks ...

In the past ... was a market maker and stock promoter on the VSE ... hence, have no problem understanding the difference between tape reading and tape manipulation ....