[RT] RE: VWAP as in intraday trading indicator

["Ed Larson" <edwardlarson@xxxxxxxx>]

RT's:

I day trade the QQQ's and have been recently also keeping an eye on the VWAP
of the underlying.  I am wondering if anyone uses the VWAP as a moving Pivot
Point on an intraday basis, either as support/resistance, or for trade entry
indication on a break/successful retest on a intraday change of trend basis.

I have read a number of trading related books and have seen discussions
regarding VWAP, more for an analysis tool utilized when building a larger
position throughout the day.  However, I have never read anything regarding
its application as an intraday trade indicator.

Any thoughts or comments?

Best regards,

Ed



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