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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Rick Storm who wrote (13678)	12/15/2001 1:19:19 PM
From: ajtj99	Respond to of 99280

Rick, the 60-minute charts help me understand what I could expect over a couple of days. The daily has a longer time frame. We could have bounces and short term tops in the context of a dropping daily chart, so the 60-minute is useful in identifying trends, support, and resistance over a 1, 2, or 3 day timeline. If I am looking to position for a trade off a pivot over a couple of days, the 60-minute works well for me in conjunction with the 15-minute chart and 10-minute TRINQ. I know many find the 5 and 10-minute charts useful when doing several trades a day making small scalps, but that's not what I do. The 60-minute is also useful when buying options, as it is important not to get caught on the wrong side of a couple day trend. Anyway, there are many better chart readers than myself here, but this is just how I utilize them for my trades.