Reid: Whenever I contemplate a trade I look at the weekly and daily charts...to get a sense of the major trend. Then I go to the 60 and 15 minute charts. And for entry I look at the 5 and 2 minute charts. Fundamentals are importnant, but have little import for an intra-day trade. And of course I/we in the Traading Room always look at the futures, to get a read on the market internls and to look for a trend; best to go with the trend....so sense swimming against the current, i.e., trading against the trend.
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