Customer Reviews

First Recognize The Intraday Trend, Then Find The Right Stock

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Firstly, for your money there's not much you get in terms of quantity. If you copy the text of the 5 page PDF file into MS-Word (Arial 12) you get exactly two (2) pages. But Haggerty is kind enough to throw in two (2) charts.

Secondly, you don't get much in terms of quality, either. The author informs us that we must be aware of daily intraday trends and we should look for stocks that are moving in line with these trends. Good indicators for these intraday trends, so he tells us, are the S&P futures, the S&P500 index, the DOW, the Nasdaq, the major sector indexes like Pharmaceuticals (DRG), Semiconductors (SOX), and Oil (XOI), the relationship between up and down volume, etc.

Haggerty then gives a few examples of typical set-ups (which are okay, but nothing to write home about) and ends with with these key points: "Learn to recognize the intraday market trends. If you get more than two in a single day, it's a gift. Trade stocks that are in synch with the overall S&P 500 trend, and ideally, select one that is showing strong positive divergence."

In conclusion: What Haggerty tells us is short, true and correct, but then again, "two plus two equals 4" is short, true and correct as well.