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

To: Ken Wolff who wrote (178)	1/11/1998 1:47:00 AM
From: Coyoti	Read Replies (1) \| Respond to of 2120

Intraday Timing Hi Ken...great thread! Perhaps you could comment upon intraday repetitive patterns that you've noticed, that seem to go off almost like clockwork; for example i've found that if a stock holds an a.m gap for to 9:40, it had a good chance of climbing to the 10:00 benchmark......or, it seems that the bargain hunters start to show around 3:15.... Any thoughts along these lines, and attending strategies? Regards Coyoti

To: Ken Wolff who wrote (178)	1/11/1998 11:58:00 AM
From: dennis foster	Read Replies (1) \| Respond to of 2120

Ken Would it be possible for you to explain the significance of the “in-betweener” in your example of the Puma time and sales chart ? Thank you Dennis

To: Ken Wolff who wrote (178)	1/11/1998 10:51:00 PM
From: ojai	Respond to of 2120

Ken- What do you think of stocks that normally trade low vol. then have a run up on high vol.? I have been tempted to short these, but have been put off by the normal low vol. amount, afraid I'll get stuck in them if the volume drops off,(usually the spread gets wider). Are these viable short term trades in your opinion? What would you look out for in this case? Thanks for a great thread. ojai

To: Ken Wolff who wrote (178)	1/12/1998 1:25:00 AM
From: Stoctrader	Read Replies (1) \| Respond to of 2120

Ken, Although I agree with your basic analysis of determining the bottom, I don't really feel like that strategy needs to be necessarily associated with a "dumper" on mediocre bad news. Stocks like DELL, INTC, COMS and other active issues have bottoms that can be picked every single day without having to take on the unnecessary risk of playing a stock on bad news. I think the key on picking any bottom is not just being able to identify the change in direction, but really sticking to a dedicated stop loss. Because the fact is that it's very easy to be wrong or get faked out. For example, stock ABCD tanks from 12 to 9 1/4 steadily and bottoms out at 9 1/4 X 3/8. The bid upticks to 5/16 and the buyers start to come in. No sooner that you get in at 3/8 the buyers thin out and the selling resumes. The stock goes on to tank to 7 5/8. So like you and many others have said, the best decision any trader can make is to admit you are wrong, kiss the trade goodbye with a small fractional loss and do it quick. At that point, you are then in a position to try a catch the bottom again at a cheaper price. Thanks for the thread. Baron Robertson Editor and Publisher Elite Trader elitetrader.com

To: Ken Wolff who wrote (178)	1/13/1998 1:14:00 AM
From: Ken Wolff	Read Replies (1) \| Respond to of 2120

DUMPERS AT THE END OF DAY A DUMPER stock should be watched at the end of the day for buying action in the last 5 minutes of the trading session. If a dumper stock gets steady buying near the close, I will buy the stock for an overnight hold. I always take notes on how many dumpers will open on the second day to establish a pattern that tells me the percentage of success I will have if I purchased a dumper at the end of the first day. I will hold the trade overnight and sell at the open on the second day if the percentages warrant the risk. An end of day (EOD) purchase should be sold at the open to insure against another heavy run to the downside which sometimes happens. I ususally place a market order to sell my overnight hold 5 minutes before the open. I wll consider shorting at the open also according to the percentage of dumpers that go down from the open on the second day. I will try to buy after the first sell off if I feel the potential for recovery is sufficient enough to provide nice profits. Ken mtrader.com