OI, Volume and other sentiment indicators?
http://www.traders.com/Documentation/FEEDbk_docs/Archive/1197/Abstracts_new/Interview9711/Interview9711.html I look at a lot of charts each night to get a feel for strong and weak sectors, and try to find good setups in individual stocks. Sentiment is important in trading, and that’s why I’d like to discuss it with you. The following is a trading lesson I wrote a couple of years ago. The prices may not be current, but the methodology remains exactly the same. Enjoy! At the end of 1999 and the beginning of 2000, the Nasdaq was cooking. Biotechs, Internets and Technology seemingly could not be stopped. Bullishness in the market was running rampant. Investors’ expectations were sky-high and rising. Analysts had recommendations with targets of four figures. Newsletter writers were telling you to back up the truck. Fast forward to February 2001. The Dow and S&P 500 had sustained intermediate-term corrections. The Nasdaq was down a whopping 53% from its March 2000 high. Many famous tech name
