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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: funk who wrote (1178)	9/8/1998 9:17:00 PM
From: TraderAlan	Respond to of 7382

funk, Buying the bid and selling the ask seems a natural progression of swing trading, i.e. buying weakness and selling strength. Markets trend only 15% of the time, on average. That suggests the other 85% of the time, there is no consensus about direction at all. Factor out the day's trading bias and that still leaves a good portion when this type of scalping should work. I've been developing on some time/pattern tools to alert me to those flat conditions. One funny psychological thing: traders are so focused toward looking for "loud" markets, i.e. big trends and momentum, they overlook these sideways opportunities. That gap was ridiculous today. I'm surprised the market could take out the high near the end of the day. Besides ASND, BMCS was the only thing I watch that had any early follow through. Alan