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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: joe smith who wrote (40567)	4/21/1998 2:06:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

The system is really based on hiistorical patterns and how they might line up. The tedious part is printing out intraday charts each day and filing them by type. Then you try to decipher how the next day's pattern unfolds based on prior behaviour. E-Wavers, T/As, Candle Kings, everyone has a not so dissimilar technique. This technique is just based more on timing than price. I suppose E-Wavers implement timing but also look at price. Using this method price is immaterial. It's almost totally short term analysis. The best thing about it is that you release any "opinion" about whether the market is over bought or sold or whether IBM's earning will do this or that. Pretty much, looking at similar patterns you try to identify at what time a turn should occur. When the patterns are "clickin'" just right it's amazing to see they can get to something like a 6 minute error. When they ain't clickin' I have to use other stuff. But the circa 10, 2, and 3 o'clock time frames (ET) are important; if you look at intraday charts long enough they just jump out at you. You see that yourself with the 10 o'clock turns.