Jul

17

Recently the intraday momentum has been good with quite large moves, if you could be there to catch them.  Even the last few days with the odd tight ranges had nice regular range bound swings making for good day trading. The large daily ranges are good.  If one is able to hang on for a few days and trail a stop or some such technique some nice moves could be captured.   Back in the turn of the century during the high vol at the century highs with high valuations on stocks, hundreds of points were crossed.  If you could capture 60 percent of a swing you did well. I think the same holds true now with the large moves.   When I say things like this I always keep in the back of my mind  that the cycle is probably about over since its become so obvious that if I can see it, so can everyone else.


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