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


To: Wayners who wrote (13590)8/16/2001 3:14:59 PM
From: catman  Read Replies (1) | Respond to of 18137
 
Wayne,

Thanks for the response...some questions...
When you state "If you zoom way out" and you notice that there are no cycles"....I'm assuming that you mean as I look at what has already occurred. If that's the case and I saw no clear cyclic pattern, what would the intraday chart show me other than an intraday pattern?
And in looking at a 3 week MA, what would indicate that I would be fighting an institutional trend...volume?

As far as discernable cyclic oscillations, if I'm understanding you correctly, the buy should be right after the reversal (support) at the close of an up bar, and a sell(or short)after a reversal (resistance)at the close of a down bar. If I am understanding you correctly, do you have trouble getting filled, or selling after the reversal has occurred, as the rest of the crowd might be of the same mind?

TIA