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Strategies & Market Trends : Level II Trading -- Ignore unavailable to you. Want to Upgrade?


To: Harold Feller who wrote (1050)8/4/1999 3:48:00 PM
From: Diddlysquat  Read Replies (2) | Respond to of 1086
 
I have been watching Level ll thru Q-charts since Feb. and see no
value at all. The information is either inaccurate or simply false.
It is not uncommon to see overwhelming support on the bid side and weak resistance on the ask side followed by 4 to 5 times the ask trade
and the bid side cave in. I have seen less then 1000 on the ask side and 50,000 trade in small increments with no change in the ask. Just watch time and sales and witness the difference between level ll and the real world.

Often level ll is being used as a tool to trick the day trader. I have seen 1,000,000 + shares sit a few ticks down to turn the market and vanish when in danger. I truly believe level ll is a fraud. IMHO.

bd




To: Harold Feller who wrote (1050)10/28/1999 10:13:00 PM
From: bruce bell  Respond to of 1086
 
Get away from Mytrck and Mytrade they sell order flow and it cost me alot of money. Check out www.cybercorp.com using CyberX and Qoute.com Qcharts for L2. Cybercorp does not sell order flow and qChart has 100 time more info for same mony as mytrack. Got ot do it at the end of month since nasdaq charges the same for one day in a month or all day.