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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (3983)	12/21/1998 10:53:00 PM
From: Jay Morrison	Read Replies (1) of 4969

<<INCA looks more professional than an ISLD quote, which may or may not help your cause. Why would INCA be "more professional"? It costs far more, so smaller investors wouldn't normally use it.>> ISLD (Island) is used by far more than just daytraders. Broker dealers (Merrill, Goldman, Morgan, etc) all use ISLD also. Many of the best daytraders in the world are former professionals who now use ISLD preciously because of the low costs. INCA is typically used by Mutual Funds due to the size more readily available. But most mutual funds are not daytrading. They look at a 52 week chart like I use a two day chart. There are as many mutual funds using INCA as there are people using ISLD, so it is impossible to read anything into it as being "more professional". I see thousands of shares on both sides of the market being traded by INCA all of the time. James

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