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Train Guy

10/05/02 2:05 PM

#32661 RE: sylvester80 #32581

But the QQQ represents the Nasdaq, and do they appear to be a leading indicator, or just a follower?

The S&P futures seem to be a leading indicator, and when the PREM hits the buy/sell HL Camp gives out you frequently see some stucks suddenly make moves. At 2:50 when it hit yesterday, both WMT and HD had nice little spikes and yet when the sell levels hit, you didn't see selling in them. Obviously da boyz like those stocks.

Not sure how usefully that would be for us daytraders. Could have some trades ready to go, and wait around for the PREM to hit and then jump in to try and do a quick scalp. Might work.

I think it would be more usefully for swing traders. Then they could pick from stocks that look to be in favor by da boyz. Stack the deck in their favor. HD looks interesting here in the $25-26 area. Doesn't look to have much downside, it was getting bought during program trading, and in any kind of rally looks to be able to go to the 30ish area for a nice 20% move.

Anybody know if it is possible to do intraday screens? A screen that would show the biggest percent gainers between say 2:45 and 3:00. It's basically what HL Camp is doing as far as I can tell. And then he applies statistics to it, and plays the percentages. If it was possible to see exactly what was happening when, it would probably be a real eye opener. Certainly insightful.