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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: ACAN who wrote (15018)	2/1/2006 9:18:09 AM
From: Galirayo	Read Replies (1) \| Respond to of 23958

[Interesting Wire] TradingMarkets.com This Is A Strategy You Should Learn Wednesday February 1, 9:01 am ET By Kevin Haggerty Kevin Haggerty is a full-time professional trader who was head of trading for Fidelity Capital Markets for seven years. The SPX traded lower from the opening, then went sideways until game time for the Fed's expected announcement, which has been pre-hyped by the media since the last one as if it would change the market on a dime. Daytraders caught the long side of the artificial futures-induced reaction when when the SPX traded down to the 1276 minor support zone in conjunction with a tradable volatility band.. Of course, the futures turned immediately and the SPX traded back up to 1285 before closing at 1280.90, -0.4%. The Dow closed at 10,865, -0.3% and the QQQQ, -0.5% to 42.00, while the Nasdaq was almost unchanged. NYSE volume expanded into month-end to 1.96 billion shares with the volume ratio neutral at 43 and breadth +271. Gold continues its run with the XAU +3.0%, while the downside leader yesterday was the SMH at -2.2% with some late selling. ADVERTISEMENT The energy stocks were trader-friendly yesterday after the early weakness in the first hour, which setup Trap Door entries at volatility band levels for some excellent intraday gains. There are also some RST setups in a few energy stocks, and that is a strategy one should learn as it is used in all time frames. It doesn't matter whether you are a long-term investor or a daytrader (Sequence Trader module, Trading with the Generals IV). Expect some new February money and reallocation activity for the rest of this week, so there will be some trading volatility to take advantage of. Have a good trading day, Kevin Haggerty biz.yahoo.com