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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (14681)	8/18/1998 5:35:00 PM
From: nycnpbbkr	Respond to of 42787

The 3 most important indicators......... I believe in,"keeping it simple." I think that sometimes more data is less. A question I asked every stockbroker I hired was, "What are the first three symbols you have on screen. The answer I usually got was, the Dow, the TYX, and the tick. Why is this the right answer? The Dow..... I was in Bora Bora last year on my honeymoon. And the only communications we had with the outside world was the hotel's 1 page morning fax. It had the NY Times headlines and about 5 stock quotes. I clearly remember asking my wife at breakfast while she would read the fax, "Where did the Dow close, " If she said anything between up to down 60 I thought, "great I'm safe" I need to look no more. That indicator gave me all the information I need about my clients portfolios. TYX.........This is the symbol for the yield on the "benchmark" 30 year US long bond. I find it incredible that no day trader I have ever read on SI trades using the long bond as their primary indicator. The only indicator I have ever found that correlates the movement of the stockmarket is the bond market, and it works pretty good intraday too. It is the heart and pulse of the stockmarket. If the big boys are losing money in bonds everyone is in trouble. This was Zweig's genius. Tick...... This is by far one of the finest stockmarket indicators. What else can you ask for from a indicators? The tick tells you which way and how fast the stockmarket is moving. Brokers have been using the tick as a leading indicator for intraday trading for a very long time. Seems as thread followers are just realizing this. Have you thought of doing some TA on the tick. I don't know of anyone would does. You should, I been very successful using it to day trade. I look at the tick like my gas gauge on my car. (I know where it runs out of gas and I know where it's topped out.) some people call that a hunch others might say he is use to his car.