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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: DaveMG who wrote (5550)	7/9/1998 11:31:00 AM
From: Musya	Respond to of 93625

Starting from the end: when it is volitile, finer scale (60min instead of days) sometimes helps. From the beginning. Yes, I sometimes trade in and out in one hour, but I do need volatility for that. I use minute and 5 min charts to find and entry and exit point, but with RMBS it is possible only on heavy days. Unless you have a meaningful volume in the time-tick, there is no way you can make any conclusion - the stuff in not statistically significant. I closely watch volume in the fine scale - it usually goes ahead of the chart itself. When I am up to take a long-term position (weeks for me) I do look at the weakly and monthly charts, since I do not want to be hit by a train. When I am in a day trade - weekly chart is usually not useful. General rule - always check several time scales, starting from the longest one, the one that has a time tick on the order of the time for which you want to assume a position. Then check several intermediate scales, to verify that that stock is really turning or already turned in the direction you want. Then go to a fine scale, and find and entry point (will win a fraction on this). Always watch both volume AND price. Watch volume first. Hey, they have a "trading for a living" thread here, which I just found. People there seem to give a lot of good hints and good links. But it is a bit overwhelming if you are not completely ready to talk their language. Musya. P.S. Forgot to tell. I also watch an average size of a trade during the day very closely. This indicator tends to go in front of any volume indicator.