InvestorsHub Logo
icon url

3RunHomer

09/30/10 8:54 AM

#28119 RE: IMGG4TP #28118

Mooch...There is a big difference between normal market action and what is happening with I3. I would encourage you not only to learn as much as you can about the art of interpreting charts, but focus on how each of your investments NORMALLY trades. Believe it or not, each stock has it's own trading pattern, or it's own DNA. Some normally trade trade down at the open and recover throughout the day, others explode out of the gate and then slide backwards, others do nothing (low volume) for a period of time and then for no reason trade heavily for several hours. When you understand what is normal for your investment you can then plan when then best time is to trade. Watch the level 2 quotes to help you gain this perspective. Learn which MM's are normally active and when more jump into the game (to the up or downside) you can get a good short term indicator of where the price is likely to go. What Benny says is true, watch closely and you will see it.