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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Mark Davis who wrote (13483)8/11/2001 10:56:45 PM
From: LPS5  Read Replies (1) of 18137
 
I'm sure it's not "tape painting;" painting the tape lends itself to, and finds purchase in, thin markets with very low levels of activity. That is the opposite of the scenario here. Instead, I think that - as OZ mentioned - because market participants of all types can easily cover if they're wrong, they're not afraid to go long, cover, and go short (or vice versa) in the space of a few seconds.

LP.
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