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Old 04-18-2008, 12:25 AM
Cash Cash is offline
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Join Date: Mar 2008
Location: Central Coast of Calif.
Posts: 18
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Ken, here's a little trick I use along with tape reading and it might help some of you? It does for me, it's a visual tool. I use the NAS/NYSE highs and lows. It tell me the sentiment and momentum of the markets. The highs will be printed in green while the lows in red. It might start off a mixture of green and red, plus prints running real slow.

All of a sudden the tape will speed up and start printing one color. Showing me what the majority of stock are doing, going up or down. An example would be, along with tape reading. Lets say if your long on a stock and it's coming into resistance. The momentum indicator as I call it (NAS/NYSE highs & lows) is changing color from slowing green to a mixture of green and red, then to a faster red. And the time and sale window is slowing down and price is stalling.

That would tell me to exist my trade. Well, it's just another confirming indicator in my eyes. I'll keep it on the side of the time and sales window. Plus occasional I can find some good stocks to trade there.
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