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To: Ian Anderson who wrote (39587)4/11/2000 6:53:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 93625
 
Ian, that is one reason I prefer to look at the "tension" in the Island book. Namely the difference between the highest bid and lowest bid on the "visible list divided by the difference between the lowest as and the higher ask. When the tension is smaller than 1, it is bullish (pressure on the bid), and when the tension is higher than 1 (pressure on the ask) it is bearish.

By the way, I hope that yesterday sugestion of the top of the trading range ($280 to 285) was helpful and you got out on time. I think I missed the top by $.5.

Zeev