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Strategies & Market Trends : DAYTRADING Fundamentals

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To: OZ who wrote (8984)6/17/2000 1:11:00 PM
From: Dan Clark  Read Replies (3) of 18137
 
OZ,

Good post.

Regarding, I was shocked when i first learned this. But the rules are published for all to see.... It it clear to everyone on this thread that you are one of the best traders here (I'm not being facetious). Given that and that you were "shocked", this implies that these rules are not well known or publicized. I'd like to go read them. Where are they published?

Regarding, So when one sees these "spikes" as DAN called them, it is not someone painting the tape. It is simply MM's following the guidelines established and marking up (or down)customer market orders., perhaps I wasn't clear...

What was odd to me was the regularity of the spikes. If the spikes were random, I'd probably agree with you. In the situation that I described, they occurred every 25-30 seconds with the same relative distance from the bid or ask. Further, they seemed to occur most often when the stock was at some S/R point. If this was just MM's marking orders up and down, why the regularity? Why would this occur at S/R points?

Regards,

Dan.
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