ECHOTRADE LAUNCHES NEW VERSION OF ECHOPOINT TRADING SOFTWARE: New Features Help Traders Improve Insight into Scalping Opportunities

CHICAGO, Illinois (PRWEB) April 30, 2003 -- ECHOtrade (TM) has announced the release of ECHOpoint (TM) 2003, the latest version of trading software for its traders. ECHOpoint 2003 focuses on identifying high-probability scalping opportunities throughout the trading day.     

ECHOpoint was primarily updated to better support the ECHO Trading Methodology (TM), a technical trading philosophy developed through the cumulative trading experiences of ECHOtrades partners over the past seven years. Previously, ECHOpoint concentrated on short-term, position trades. The new version of the software provides key technical points on NYSE-listed stocks with a price over $30 and a daily average volume of two million shares.

Some of ECHOpoints new features include:

-Analysis of over one hundred charts each evening in order to produce the proprietary list of stock points to consider for the ECHOpoint list

-Day High and Low" points for ALL stocks meeting our volatility criteria, resulting in more key stock points that are better suited for short-term scalping

-Further classification of Day High and Low" points into Big Picture Reversal of Trend," Big Picture Break-out," or 52-Week High/Low"

-Displays the Prior Day Highs and Lows," and pivot points of the current S&P 500 futures contract

-Real-time monitoring of the distance between ECHOpoint stocks and futures points and their current price, with alerts and ranking of only those stocks that are approaching the defined trade set-ups

-Displays information in a more user-friendly format with easier to read labels for ECHOpoint information

ECHOpoint 2003 is a part of ECHOtrades proprietary ECHOpro (TM) trading system. Both ECHOpoint and ECHOpro are available exclusively to ECHOtrade members. However, the ECHO Trading Methodology is taught to all traders through national seminars; the next seminar is scheduled for May 15-16, 2003 in Chicago, Illinois.

ECHOtrade is a professional trading firm dedicated to the needs of the serious, off-floor trader. While only professional traders may open an account, the company also sponsors new traders interested in obtaining their Series 7 license to pursue trading with the company. ECHOtrade has nine trading offices nationwide. For more information, visit http://www.echotradeonline.com or call 866-700-ECHO.

(C)2003 ECHOtrade, LLC. All rights reserved. ECHOtrade, ECHOpoint, the ECHO Trading Methodology, and ECHOpro are registered trademarks of ECHOtrade, LLC. ECHOtrade is a member of the Philadelphia Stock Exchange. ECHOtrade does not solicit retail accounts. Please note that trading securities involves substantial risk and there is no guarantee that your trading will be profitable.