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

To: electra who wrote (1329)	7/30/1998 10:27:00 PM
From: Ken Wolff	Read Replies (2) \| Respond to of 2120

TO ALL - URL to Summary of "Momentum Daytrading - Tricks of the Trade" Prepared by Irby exchange2000.com >>>>>>> wow, did I say all that...lol.... Irby is the man!!! Electra, if you have not read the posts on the thread above, give em a shot.. that will describe many of my techniques.. I concentrate on what I know... I watch stocks that dump or climb greater than 20% with decent volume, that are not real slow movers, and are not real fast..... this is what I concentrate on... Concerning News plays... NEVER jump on the bandwagon after it has risen... only play fresh news that shows little or no movement... only play the best stories... many in chat rooms simply follow the herd off the cliff as they see everyone yelling buying, buying... its gunna go...without ever knowing why a stock jumps, looking at the volume, or even if it is at the high of the day... I only play em if I catch the news fresh, it has not reacted yet or little. Yes, I miss out on alot of HUGE plays but I also miss out on alot of HUGE drops when low volume, top buying news stories take a quick turn for the death spiral... I am only interested in high percentage plays... I lay and wait for these only. Know why you are in a trade, know where the stock is in terms of highs and lows, know the volume, AND know your entry and exit points... Good Luck Ken www.mtrader.com

To: electra who wrote (1329)	7/30/1998 10:31:00 PM
From: Ken Wolff	Read Replies (1) \| Respond to of 2120

Electra, I forgot to say.. once you know what to look for, you can find it with any of the available scanning software on the market.. MB uses something called the weasel I think. You can also set this up through your online broker... ie find all stocks that dump>20% or all stocks at the low of the day....etc Good Luck Ken www.mtrader.com

To: electra who wrote (1329)	7/31/1998 11:57:00 AM
From: Nazbuster	Respond to of 2120

electra, I recently purchased the QuotesPlus 2 software ($50) and service ($19/month) which lets you download the entire exchange and run scans of your own making or available on the net. The scan creates a list/report which then drives another scan or becomes a list for viewing charts. For example, with QP2, it would be trivial to find stocks with today's close 20% up or down from yesterday with volume at 200% of the last 10-day average. Since I'm a newbie TA person, it is just right for me. You can find them at quotesplus.com or qp2.com. (The first site seems to be down right now.) There is also a thread here on SI: #Subject-9637