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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (18975)	7/19/1998 10:03:00 PM
From: Michael Turner	Respond to of 50167

Bravo, Bravo, Bravo...I applaud you. I agree that the computer has broken the old school matrix of inflation/employment. I also agree 100% that knowing the fundamentals, and following a core group of stocks is a formula for success. The Ticks that I spoke of are nothing more than all upticking stocks minus all downticking stocks. I have found that the Ticks are a consistent indicator of the movement of the Dow and the S&P. When combined with TRIN (basically the volume-weighted Tick) and the S&P futures, you can sometimes see crystal clear turning points... ...When all of these indicators say the same thing at the same time, there is a very high probability that it will happen. These tools are not so effective for multiple-day plays, but are excellent timing tools for DayTraders. Michael Turner Author DayTrading into the Millennium tradersresource.com