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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Eliot A who wrote (170)	1/10/1998 10:39:00 AM
From: Darth Trader	Read Replies (1) \| Respond to of 2120

Download vramdir here: www6.zdnet.com Type vramdir in the search box

To: Eliot A who wrote (170)	1/10/1998 10:56:00 AM
From: James F. Hopkins	Respond to of 2120

Eliot; I have not been sailing with this rigging long enoung to say for sure that it won't toss you a curve. I missed this down turn week. I'm still adjusting it, I just set up my paper portfolios on Yahoo. My guess is most any one can do it. Most of my goings on about it is to get people like you maybe to do something simular, & if you see some way it can be improved on sing out. I've just found dniquote.com and downloaded the trial version, it will let me save the data in an excel format..and then I can really do more of what I want. Like total the volume of the winers/losers inside the index, the thing I'm looking for is when money flow is up/down a lot from what the index shows, and the index has people believing just the opposit from what is happening. Sure this could be done better and on a grand scale with another index like the S&P..but the DOW will do..as it's easyer to set up..and I'm not into nit picking for small anomolies I just want to find the bigger ones. Seldom does the Dow percentage wise drift all that far from the S&P to make tracking all the S&P stocks worth seting up. At least I dont see that yet. ------------ Charting back you can see were the index was falsely up prior to the OCT27 sell of by some thinly traded issues, and when they lost, it fell rather fast which triggered an even bigger sell off. I was out to sea at the time but it sure looks to me if I had this thing going back then I could likly have called it ahead of time. Not the total down amount but just that it was going down. I did manage to call the bubble top we had DEC5th, and jumped out of every thing I could. I thought last week would be up, but not strong enough to bet on it, it going down as much as it did fooled me. Now the data I got says it could well fall even more, as yesterday it was the mega caps that got hit. Sure looks like a bear market is still with us, The bears took almost total control yesterday. I want to be bullish but can't. Jim --------------------