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Strategies & Market Trends : ONLINE VIDEO TRAINING FOR READING MULTIPLE TIME FRAMES -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (15)	12/2/2001 5:06:21 PM
From: chartwiznyc	Respond to of 19

The entire markets in a large trading range & when you have such a large range you will have many divergnces because 1/2 want to rally & 1/2 want to break & its a basic tug of war.........looking at volume friday UP vs DOWN was almost even......at one point was 310 mill up & 320 down......so you will see divergnces all over the place & working shorts into rallies & buys into supports seems to be the game, look at IBM , tested how many times to the lower part of its range only to rally right back UP, here is a trade from my chatroom stocktrendwizard.com look for the IBM call..you could see the bullflag, in such a large range its possible work very short term continuation patterns, a trend from lower part of range to upper part of daily range is a trend on a short term 1 or 5 min chart......its valid.......but also a big range thats developing its a bigger time frame pattern, could IBM have a daily bullflag ? follow ? best to wait for breakout to worry if MSFT GE or IBM want to go........look at short term trading & dont worry about bigger picture......I rather make 5-10 pts in a range than to wait for a move that doesnt come OR rallies & I miss it............chris