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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (56396)	7/11/2000 12:37:05 PM
From: Eski	Respond to of 99985

I agree Jon and All I'm saying is that the MM's use this Tactic to try to move the stock in which way they want. :)

To: Jon Tara who wrote (56396)	7/11/2000 12:59:42 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Jon Tara: No doubt about it manipulation is a "tactic". But just because a tactic may be legal does not make it right. Sure those "spoof" bids/asks can be hit, but the changes are very slim that they will be hit and anyone that trades a lot knows that. ECN and message boards have brought manipulation down a few more steps on the manipulation ladder. Now even individual investors can play the manipulation game. I think MM should be required to show their true hand and not be allowed to conceal their true intention by just "showing" 100 shares on Level II no matter what the actual number. That ruling change by the NASDAQ was in fact a further opening of the manipulation door. I agree with Anthony Elgindy, the NASDAQ is indeed corrupt, but so is the NYSE. Now let's get past this bickering about whether manipulation occurs, anyone with half a brain KNOWS IT DOES. If you are going to trade and or invest in the market you have to learn how trade and or invest around it, period! LG

To: Jon Tara who wrote (56396)	7/11/2000 1:23:55 PM
From: eichler	Read Replies (1) \| Respond to of 99985

Jon, I would like to believe that there is a level playing field and "tactics" are available to anyone. One "tactic" I have watched lately is the showing of a certain bid or ask on the screen while behind the scene the MM is cleaning out bids or asks - orders not available to you or me! I have seen this on multiple occasions by monitoring and comparing Island Book orders to Real Time Quotes. Using your poker game metaphor, this is like showing you a Five Card, then replacing it with an Ace... In my mind, that doesn't make the MM smarter, just crooked. If you think the deliberate misdirections are "smart" for cheating unsuspecting investors, I feel sorry for you. No matter how smart I get, I just can't justify being like that. Good trading to you! Eichler Of course, noticing these shenanigans can lead to profitable trades.. still, doesn't make it right. The BS pisses me off just the same. If this is not manipulation, then I have a bridge I'd like to sell to you....equal access my .......