augieboo's junk pile

[augieboo]

TRADING TIPS FROM SUSIEQ ON SI:

Can anybody name some good, safe trading stocks where you can make profits consistently day in and day out.
well, here are some things that work for me pretty
consistently...

1. At the Open...Buy/Cover an excessive Gap Down...Sell/Short an excessive Gap Up..

2. Pre~Lunch:...check the "Biggest Gainers" List...excluding
low~float, low~volume movers...scan for overbought stocks..
use a 30~minute chart with Stochastics..if volume is
declining on the move..and if Stochastics are near 100%
overbought, you will have good success rate by shorting
there...especially successful if the move is into a major
Moving Average..

3. End of Day: use the Pre~lunch Tactic...but use a 60 minute chart...look for the same conditions.

4. Simplify by playing Indexes instead of stocks...BBH/DIA/SPY especially good vehicles...easier
to identify firm support/resistance levels..

5. MSFT can be any traders bread~and~butter...it's a great
channel trader...keep it up on screen all the time...plus
it's just a great barometer of the overall market..

and just recently, Marsh taught me how to use the ECN's..

open an Island book and look at the Ratio of Buys/Sells..

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17803135



Woof-woof!

(:

augie