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

To: dennisp who wrote (430)	2/1/1998 7:47:00 PM
From: Street Walker	Respond to of 2120

Level II .......................new thread If interested in winning the war against the market makers, come lurk or offer input on using Level 2 as your weapon. Do an SI search for: Level II S.W.

To: dennisp who wrote (430)	2/7/1998 11:52:00 PM
From: Bilibob	Respond to of 2120

Well you could play the Gap, It's an old trick but it works pretty good. "Gap Open" Trading: The stock must gap open to the upside on a split announcement, positive earnings, a brokerage upgrade, or strong buying in the stock's sector. Ideally, the stock should gap above the previous day's high. The stock should be a relatively strong issue that is in an up trend and/or rebounding off significant price support, a major moving average or a well defined trendline. Preferably, the company should be in a very strong group. Once the stock has gapped open to the upside in the morning and has traded for a complete half hour, the entry point at which to buy will be 1/4 above the high of the 1st half hour. In other words, the stock can only be bought after it has traded for a complete half hour, and then only if it manages to trade 1/4 point above the highest price of the first half hour. The ideal situation occurs when the break above the 1st half hour's high happens several hours after the 1st half hour of trading 11:A - 2:P. Good Luck... Bill