Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: compradun who wrote (42843)	12/23/2000 3:15:19 PM
From: Susan G	Read Replies (1) \| Respond to of 44573

I saw it happen...I was watching on a 2 minute chart and my jaw dropped. It looked to (inexperienced!) me that there were a lot of buy stops put in above the high at about 13:50 or on the break of that EMA and when it hit there were all filled there it just surged due to a lack of sellers at that price area. It sold off amazingly fast and taught me just how fast they can trap you and kill ya <g> Pretty big volume spike too. You can see it on this chart home.earthlink.net My time and sales has MANY trades at 0.0 on a daily basis, I would like to know the answer to your question on that also... I am learning to trade the NQs with the help of Teresa Lo, and am wondering if anyone has used Peregrine Financial/Best Direct out of Chicago? Their simulator is very good, great for learning and paper trading.

To: compradun who wrote (42843)	12/25/2000 8:16:44 AM
From: Patrick Slevin	Respond to of 44573

The only thing I can guess looking at it quickly was that there may have been a program trade that ran the Cash. That could be pretty easy on a thin day like that. If you look at the PREM at 14:23 it was at afternoon Lows. You had a similar situation in the SP market. So if you turn to a one minute chart of CSCO, MSFT, SUNW and probably any really large Cap ND stock also traded on SP you should find that these stocks turned on a dime just before that spike. Some traders keep very short term screens of these large cap stocks on a separate page and refer to them to sense if a spike is coming. I just glance at PREM, I think it gives the same indication. To track it using Large Caps you really have to know which Large Caps are trading with Low RSI and High RSI and watch a screen of each to try to sense at whether a Sell or a Buy Program may be hitting. That would be my guess, though. The PREM suggests to me that a lot of money moved the Large Caps in a Program Buy.