Editor's note: This column was originally published on RealMoney on Feb. 5, 2008 at 4:29 p.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
How do you play a slow, choppy day?
Yesterday [Feb. 5] we saw momentum in the Nasdaq slowing down to a crawl. The Powershares QQQ Trust(QQQQ Quote), which I use as my general market compass, had an intraday range 
of 67 cents. By comparison, the average range since the market bottom on Jan. 23 has been almost double that, at $1.30. Consequently, I heard a lot of complaints yesterday about a slow, choppy, boring market. How does a momentum trader adjust to those conditions?
The first thing you need to do is recognize as early as possible that you may have a low-momentum day ahead of you, so you can adjust your trading strategy for the day. First impressions can tell you a lot about a person, and they can tell you a lot about a market, too. ...
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