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

To: Richard Estes who wrote (5297)	11/10/1999 2:49:00 PM
From: fftrader	Read Replies (1) \| Respond to of 18137

Hi Richard, <Level II did not in any way predict the extent of price move> thats exactly the way I see it. I think that was a poor example of the validity of Level II, also using level II would have probably taken you out when the stock backed off around 2:20pm. The people who kicked ass were the swing/daytraders. That stock (BEOS)broke out with huge volume passing a prior high of 8.75 set on 8/11. Following the 5 min. chart(candlesticks)they probably rode it up to the dark cloud cover-then bailed(around 17). Thats the kind of trade I need!! ff