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

To: vestor who wrote (1635)	11/19/1998 9:19:00 AM
From: Gary Korn	Read Replies (2) \| Respond to of 2120

I like the idea of measuring the trades per second and awaiting a pace increase... What do you use to make that measure Vestor, I know your question was directed to Ken, but I use the same factor as confirmation of a daytrade position. To do it, I just watch time & sales. You can see how it slows and speeds up. When a stock is making a move, time & sales will simply speed up, that is, the pace of trades quickens, sometimes dramatically, so it is readily apparent. This will usually be combined with (1) occasional trades going off at a price above the current bid/ask (if it is a bull run) and (2) bid volume greater than ask volume (again, if it is a bull run). Gary Korn