How do you pick stocks after the market has moved up or down big intraday? I ask since I've noticed I have difficulty in making good % gains on such plays.
For example, the mkts go down 2% in the 1st hr, with stocks moving down 3-4%, after 1/2 hr or so, a new base forms and mkt may either snap back or fall further. What indicators or things do you look for.
I ask this coz, i sometimes find it hard to re-enter issues that are down 3-1/2 to 4+% up/down already.
Conversely, what do you guys look for to spot reversals. I noticed I get some fake ones quite a bit.
For example, the mkts go down 2% in the 1st hr, with stocks moving down 3-4%, after 1/2 hr or so, a new base forms and mkt may either snap back or fall further. What indicators or things do you look for.
I ask this coz, i sometimes find it hard to re-enter issues that are down 3-1/2 to 4+% up/down already.
Conversely, what do you guys look for to spot reversals. I noticed I get some fake ones quite a bit.