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

To: E. Davies who wrote (5295)	11/9/1999 4:56:00 PM
From: Cormac	Respond to of 18137

Eric - I hope you got in on the moves later in the day... I would add to your post a cautionary note, Level II is not a stand alone tool but must be used in context with other tools and information...I shudder to think of having to trade while only using Level II and nothing else Regards, Cormac

To: E. Davies who wrote (5295)	11/9/1999 5:51:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 18137

or you could have just set an alert at 8 or 8 1/8 and had order prepared to enter. Level II did not in any way predict the extent of price move. The chart showed the contraction since the open high of 8 1/8 and the print showed the accumulation for the morning. Someone would have been rewarded if their stock selection was good and they were watching, how good would depend on their exit strategy. In Qcharts' fast trade rate hot list, you would have seen it jump into the top 100 fastest trading stocks with the move thru 8 in case you weren't watching.