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

To: Threei who wrote (9998)	8/28/2000 8:30:53 PM
From: Apakhabar	Read Replies (1) \| Respond to of 18137

Vadym, I guess my concern is that the set-ups I currently use might become outmoded. This may be largely specific to traders like me who often scalp semi-liquid stocks. Do I understand correctly that NASD will not be able to force the ECNs to take part in the SuperSOES? Because as long as there are ECN entries and exits I would think scalpers could work the new system without having to rethink most of their set-ups. But if the ECNs are just stuck in the queue with everything else, what happens to having "direct access" to an ECN? A lot of stocks I trade might only have a few thousand shares posted spread out over two points. Now, many more shares typically trade over the course of those two points even if the stocks moves continuously that way, and it's relatively easy for traders to get in or out as they see fit. And even if somebody tried to wipe out all the shares an unhesitating trader can usually do what he or she has to do. But if all the offers, say, were lined up in a queue and somebody could just take them all instantaneously, that could hurt direct-access scalpers who use mental, not physical, stop losses. One thing we might agree on however is that the opportunity for scalps won't diminish; the set-ups will simply look a lot different. Those who figure them out first will have a party.