mp6140

hey all,

there is actually a reasibably conservative method for buying and selling those stocks that can generate a decent return based on placing a buy order a few ticks above the intraday pivot point and a sell order just below the intraday second resitance point ! by checking the nas or s and p index nightly on the RSIWLR analyzer, you can see the direction of the overall market trend and whether its topped or not. keeping market direction in mind, check your scanned stocks on the RSIWLR analyzer and look for a SECOND DAY mover whose red and blue lines are passing the 50% point and are in an ascending linear channel with the the momo and ad lines going up . sorting by volume and/or volume percentage gain is sure to help also !

paper trade it for a while and i think youll like the results. (and dont get mad at me if the stock continues way past the 2nd resistance area -- you werent there to cancel the sell, remember ?) (lol)

oh ya, since you will be placing trades before qt has the new resistance points plotted, use this calculator which will actually give you 15 points to work with (ok, a little overkill)

http://www.livecharts.co.uk/pivotpoint.php