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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 (840)	3/29/1998 11:39:00 AM
From: Darren	Respond to of 2120

The sell program in the afternoon moved MSFT by 11/16 and DELL by 3/4 in a downward direction. At the time, I was following the $TICK indicator on a one minute interval and it moved from +106 to -600. The morning sell program moved it from +300 to -899. If you trade NYSE stocks, this is a great indicator. I learned about trading on it from CyberCorp. cyber-corp.com A move such as this will move almost any stock on the market -- it's simply a question of amplitude. If you trade NASDAQ, I would recommend the previously mentioned S&P contract... Friday, there wasn't enough movement for my taste. But Thursday was a day I would take any day of the week. Not too fast, not to slow. Allegro non troppo... Darren darren@odessanet.com

To: Ken Wolff who wrote (840)	3/29/1998 10:21:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 2120

Ken, maybe you can help me on a volume question... I purchased a stock for my private account on Friday called BULL.. Average volume of the stock is around 40,000 shares traded a day... The stock is rated A in IBD with Relative Strength... The stock has pulled back from an all time high recently of 4.25...The stock was sitting at bid 3 3/4 ask 3 13/16....I noticed volume gradually trickling up during the day, and so I hit it and got filled at 3.81, around 2:30 P.M. I had some other commitments and observed at market close 270,000 shares had traded and the stock was up to 3.87 on the close....This is an all-time number of shares traded in this stock..My question, without a Level II system, would this be accumulation, or distribution...And what would support your belief either way....Thanks....Mark P.S. My ADX and other indicators are crying distribution, but I am not sure on this since the low was not taken out two days in a row....