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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 (549)	2/19/1998 11:40:00 PM
From: Cosmo Daisey	Respond to of 2120

Ken, One of my favorite techniques is to watch the guest analyst on CNBC for his strongest pick. When the pick is announced the stock usually moves up strongly and can be shorted and covered within a few minutes. I have held some overnight for better gains. Look at the analyst when he is making his rec and if he touches his face (body language) when he is promoting the stock then its a short. Some move up several points in a couple of minutes during the rec and pull back almost immediately. Neat play, no research, no taking the stock home, just watch TV. TNFI moved 4.0 points to 26 during hype and fell to 23 next day. Great thread. Cosmo

To: Ken Wolff who wrote (549)	2/20/1998 12:25:00 AM
From: dennis foster	Read Replies (1) \| Respond to of 2120

Ken I am receiving your E-mail Advisory an feel that it is a great learning tool! I was reviewing the intraday chart on SEEK, one of the stocks that you focused on and I believe you actually traded today. Using a 2min chart w/ macd and stoch I had a short entry @9:44 (EST) @ 14 3/8 and a cover @ 10:06 @ 13 11/16. I noticed on "Trades Reported in #Mtrader" that a trader executed this same trade. Do you use TA to time your entries & exits or do you strictly watch the bid and ask, pauses, and the rhythm ? Thank you Dennis