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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 (664)	3/7/1998 2:09:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 2120

AMATEUR BIG DOWG

To: Ken Wolff who wrote (664)	3/7/1998 7:55:00 PM
From: TraderRick	Read Replies (2) \| Respond to of 2120

Hi Ken I want to thank you for taking your time to post such meaningful subject matter to the thread, it's one of the 3 that I read on SI. I receive your morning E-mail and the afternoon summaries and have found the afternoon information more helpful in checking to see if I'm watching and trading the same things that are happening in your room. The morning E-mail I find has mostly things that I haven't tried trading yet, and probably are more helpful to traders in your room with your recommendations. I started my daytrading with dumpers and that is what I concentrate on for now. A couple of questions. Some of people in your room were trading FPAM Fri. The only news I've seen was out Fri AM, how come the dump late in the day? I did trade it for a quick 7/16, didn't want to hold over a weekend. Are the percentages high enough to risk holding it, even over a weekend with a nervous market? Any further assessment of MB Trading? Thanks TraderRick

To: Ken Wolff who wrote (664)	3/8/1998 8:40:00 AM
From: J D B	Read Replies (1) \| Respond to of 2120

Ken, Interesting concept! I like your idea of an interactive program for teaching your methods of calling tops/bottoms. I've worked for a number of years for a company that develops true expert systems for risk analysis and believe that your goal is do-able. In my mind the critical piece is to ensure that the system teaches the "right questions to ask" when confronted with a decision to make: i.e. buy/sell. I believe that you have much of this knowledge already well-defined - this is why I've recently subscribed to your service. The key will be to encapsulate that knowledge into a system that "acts like the expert" - we call this "user cognitive emulation" - to ensure that the sytem not only provides the right answer, but also lets us "see" your thought process in arriving at the answer. There is some very good literature on this topic - I'll be happy to provide references if you need. By the way, I bought RENT on Fri at 7 1/4 (got in a little late - need to change brokers) and sold out at 7 3/16 - used your methods and didn't chase it down. In your mind would RENT be a good purchase again on Monday to play the effects of the Bus Week article that should be hitting newstands this weekend? Dave Burgoon