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

To: Darren DeNunzio who wrote (25403)	4/18/1999 12:38:00 PM
From: JEB	Read Replies (1) \| Respond to of 50167

Darren, I use a method of reverse stock analysis. Study the factors affecting the market as a whole. Study the chart indicators telling you the direction and strength of the market (Using futures indexes to guide the way). Then study the sector factors and charts in a similar fashion and you will see the strength or weakness in your particular stock. The sector will reveal to you the amount of strength a rally or drop will have behind it. It will reveal if in a rally (On your chosen stock) whether the rally has the strength to make it to the next level of resistance or it will die before reaching that point. Then study the daily history of your stock (Preferably 1 year, 3 month, 10 day, 2 day charts). Note what the indicators are telling you and formulate your opinion based on this knowledge. It takes some studying at night to be prepared for the next days trading but it is well worth it. by the next day, you should be prepared to act on what that days chart indicators and news is telling you. Level II action should tell how it is being traded and other factors that can alert you to someone dumping stock or a large buyer present (Well worth the extra money). If you study these things prior to trading the next day and study how your stock is trading during that day, you should do well. ...and yes, it is a lot of hard work but most of the studying is after hours. It's worth it if you want to make a living out of trading. Good trading, JEB