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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (8168)5/2/2000 6:20:00 PM
From: Jon Tara  Read Replies (1) of 18137
 
Alan, how useful would it be to have a tool that would list the stocks on which the 100-monkey is:

consistently bidding 100,
consistently best bid,
is the largest #best?

For whatever that's worth, it would give you a list of stocks that the 100-monkey wants.

(Or vice-versa for the sell side.)

Is that something you could trade on?

I have some software that I could easily modify to do that. I've written a version of my "scammer" software that receives a full L2 feed (that is, every L2 quote on every NASDAQ stock) from a RealTick III server. It implements proprietary trading criteria for a client of mine.

I'm thinking-up other things that I can do with it. It could easily look for monkeys in trees.

I guess I'd call this filter "monkey see, monkey do..."

I'm certainly open to other possibilities as to what I can do with a real-time snapshot of L2 in memory.

FWIW, following the 100-monkey was a good strategy on VGIN today, at least until the market fell apart...
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