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To: Stephen who wrote (390)	7/14/1999 9:26:00 PM
From: Sabrejet	Read Replies (1) \| Respond to of 977

Level II. But that does not always tell the story. I study the movement of the stock and what type of buying(size etc...) is occurring on downticks etc... I can track why a stock moves by watching the limit orders only because mm's rarely if ever will place a market order. YHOO for example is mostly traders. I have seen very few trades over 3000 shares. That does not mean accumulation cannot occur. I've watched the sell side(ask) get rushed at the end of the day with loads of orders and watched them piece those together with 100-200 share buys. The stock just feels sick as well. There is no perfect system but YHOO is "directed" by the limits being set. A year ago, a limit order meant nothing to YHOO. sz