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

To: cloudless who wrote (5930)	12/10/1999 4:15:00 PM
From: dunlurkin	Read Replies (1) \| Respond to of 18137

cloudless- think twice about using a market order to sell short. Since you have to sell on a bid uptick, you will not be filled until that happens. If the stock had collapsed harder than it did, you might have been filled at 28 or 29 instead of 34 5/8. You were fortunate to be filled where you were filled.

To: cloudless who wrote (5930)	12/10/1999 5:12:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

cloudless, <Constructive input is appreciated> Here's one: don't count on LII for anything more than very short term input on market direction. Unless you know the major swing levels, it won't show you what's going to happen 3-5 minutes in the future. Here another: indicators at the intraday level are subject to major violations. Experienced traders can read these breaks and understand them but most surface-level TA types will be fooled. It's best to learn exactly how and why indicators do what they do so you can ignore them or adjust your signals to take this noise into account. IOW the market is never so simple as to let you buy-sell successfully over time if your behavior is based solely on a crossover or crosspoint. Alan

To: cloudless who wrote (5930)	12/10/1999 6:20:00 PM
From: Mark Davis	Read Replies (1) \| Respond to of 18137

FWIW, At E*trade, barring system malfunctions, I find the executions to be quite fast. Nothing like two minutes. More like 5 seconds for marketable orders. If you preload the trading screen, you can get an order to market in seconds. I've gotten fills that were quite miraculous that way. If you want a broker who takes 5 minutes to process an order, and then blames the Internet, I can recommend Suretrade without hesitation.

To: cloudless who wrote (5930)	12/11/1999 1:27:00 AM
From: Dan Duchardt	Respond to of 18137

cloudless, saw that Level II showed strong support at 28 just outside of the inside bid (8 market makers lined up with buys at 28 while stock was dropping from 28 1/8) Using this as an indication it was time to get out after a 6 point drop (10 points from the beginning) in your favor was probably a good idea. But had you been long CORL a few ticks above that 28 1/8, I wouldn't count on a measly 8 MMs holding up the stock. You never know based on the sizes they show how much the MMS really want to buy, or how many of them will move their quotes down if they see selling at that price. A stock as active as CORL can rip through 8 MMs in a heartbeat. You should at least look at the levels below for more strength, or have some reason like a prior support level to expect a reversal. Dan