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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: marketbrief.com who wrote (4097)9/16/1999 7:06:00 PM
From: Rick Faurot  Respond to of 18137
 
Actually I have watched the ISLD book quite a bit and compared it closely with my RT L2. I don't see that the ISLD bids/offers work any differently than the broader L2. JMHO.

Rick



To: marketbrief.com who wrote (4097)9/16/1999 7:24:00 PM
From: Maarten Z  Respond to of 18137
 
Have to agree with Rick on ISLD book

I always use it in conjunction with L2 and if I am looking to enter a stock I like to see some strength on bid side of the ISLD book. For ex. on L2 ISLD is on inside bid @ 20 with
1k. Below is GSCO at 19 15/16 1k. I would look to ISLD
book to see the other bids. I would see the 1k @ 20 and
if there is a whole bunch sitting with GSCO at 15/16 then I see strength. If they disappear that means they are being
cancelled (not a good sign)

MZ



To: marketbrief.com who wrote (4097)9/16/1999 9:35:00 PM
From: Matthew L. Jones  Read Replies (2) | Respond to of 18137
 
Rick,

I have often viewed the ISLD, INCA, ARCA (the ECN's) as being legit orders as to size and price whereas MM's much like specialists on NYSE never show real size. That being the case I have always thought that the ECN's were the only way to get true "market depth" information. If I'm reading you properly, you are saying to fade the info I read by the ISLD book??? Is that correct?

Matt