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To: steve goldman who wrote (1524)12/5/1997 10:26:00 PM
From: steve goldman  Read Replies (1) | Respond to of 12617
 
Don has been a proponent of keeping things simple, a intuitive feel to trading. Personally I think that trading as a professional requires discipline (although the two are not exclusive) and components.

For those who simply have a knack, a feel for it. That's great and obviously we all wish you the best of luck. Nonetheless, components of a data system such as ticks, trin, upvol, downvol, bond prices, yields, volume, bid/ask size, level 2, are items that many wall street traders utilize. Large firm, mm's traders definately utilize these components and so even if you don't use them, you should understand them so you know what your opponents are using.

Dell might never sell PC's in a CompUSA but understanding why and how Compaq does and understanding then how to beat them with their game demands that Dell fully understand its competitors and their processes.

So, even if you simply trade fast and loose, with intuition, you should still understand the more technical components of trading to know what your opponents might be looking at.

Regards,
steve@yamner.com



To: steve goldman who wrote (1524)12/5/1997 10:50:00 PM
From: Don Green  Read Replies (2) | Respond to of 12617
 
BE CAREFUL

I feel the market will be strong thru year-end, and up until
Mid - Jan 98..By this time the market will have taken in the new flows of pension money and again overvalued itself.. But earnings will continue to weaken...

But the key event in the coming months will be in late Jan...

When the DENVER BRONCOS win the SUPER BOWL and we all know what that means......

Don



To: steve goldman who wrote (1524)12/6/1997 12:19:00 AM
From: TFF  Read Replies (2) | Respond to of 12617
 
Market Wrap up??...lol...gee have we run out of things to discuss about daytrading? Guess so.

Oh well. Hopefully the new year will bring some fresh posters to this thread with some different points of view on daytrading.



To: steve goldman who wrote (1524)12/7/1997 5:39:00 PM
From: Richard J. Byrd  Read Replies (1) | Respond to of 12617
 
Steve:
< For all those that haven't done so, I suggest putting the tick and the trin on your screens and learning what they mean and how to use them. >

I use the tick religously as an indicator of the "slope" of the market curve. I know the definition of the trin, but I can't seem to get a feel for it like I have with the tick. Can you give us some ideas about what trin values mean what.

Thanks,
Dick