I can describe today's action in one word -- Yawn! Obviously I'm not the only one who has become disinterested in this market. Shortly after 10:15 or so I noticed that there was just a trickle of alerts firing in my scanner. That only happens on low volume days so I took that as a clue to call it a day early -- low volume, range-bound trading is a recipe for losing money, IMHO. Apparently the weather in New York contributed to the lack of volume today. But I also think that people are sitting on their hands waiting for Bernanke's testimony on Wednesday. So I'm not expecting much action tomorrow either. Zzzz...
Hi,
I'm a newbie...could you please explain what kind of a tool you use to scan real-time for possible trade set ups? Do you know of any such tool which is free or almost free? Thanks.
I use two scanners, the scanner provided in my trading system, CyberTrader and Trade-Ideas. Here's some info about free scanners - http://tradermike.net/2005/08/realtime_scanners
Michael,
Do you have any experience with IVESTools? If so, what is your opinion? Thank you.
Gary,
No, I don't
Hi Mike,
How about TC2000? Is TC2000 good for swing trading? Great site.
Thanks for sharing information.
Vic,
I guess you could say that. TC2000 (TeleChart) is 'just' a charting & scanning package. It's definitely useful for swing trading. I've used it for years.