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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Dave O. who wrote (10767)	10/2/1999 4:32:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

Anything nearly can be happening. The SEC rules are so gobblygooked to keep people from knowing what is going on behind the curtains. You mention two things: 1) knowing if it is a limit or market order. There isn't any way to tell except on your own orders. 2)Institutions buying. There is no way to know. We end up assuming. Level II advocates build up a story line on every trade. We don't have to worry about MMs. They don't know or care if we exist. Our 1000 shares are simply a 1/10 of a second in a day. Most of the decisions are made by computer. The house like any casino will make money. The best thing to do is find the entry or exit you want and use limit orders. Market orders simply are a give-up move - Telling anyone to do what they can to you and HOPE they don't kill you.