Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Piotr Koziol who wrote (894)	4/4/1998 3:37:00 PM
From: Ken Wolff	Respond to of 2120

Piotr, I normally do not play gainers overnight until a definite pattern evolves. The market is still strong but I feel a pullback will occur anytime before we clear dow 9000. I normally watch the last 5 minute action on gainers to give me a high percentage tip off regarding the next days gap up. Because TRKN ended at the low end of the trading range I feel it is a poor candidate for a gap up. Daytraders have hit it and the cream is gone. I would be surprised to see it gap up 1/8. You are very correct in that good NEWS stocks are to be bought on the FIRST uptick (nice trade). I did not play it as it was a very busy day with lots of good trades. Good Luck Ken www.mtrader.com