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 : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Lane Hall-Witt who wrote (5608)	3/1/2001 1:37:33 PM
From: Dave Gore	Read Replies (1) \| Respond to of 6445

Even for those who can't or don't want to daytrade, I still would watch indicators like the TRIN (and NQ's if you can) for entry points before I entered into any trade. The TRIN has been on the defensive all day with a reading of 1.50 or so. For daytraders, most experts say avoid the Market on the long side if the TRIN is not below 1.00 or even .90 and the TICK trending up and well into the positive area as you enter your trade. That would mean today that you would have made no trades on the long side, but hey, you wouldn't have lost money either. Some try to time bottoms and buy long when the TRIN and TICK are real negative. Hey, it's very high risk gambling to me, but what the heck...to each his own. Note: Remember I watch the Nasdaq TRIN, but it agrees pretty closely with the NYSE TRIN.