Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dan Duchardt who wrote (14251)	9/24/2001 12:44:49 AM
From: OZ	Read Replies (1) \| Respond to of 18137

it seems to me most likely at least one side of every e'mini trade is a limit order That is probably exactly correct Dan. But I think there were more market orders sent a any given price level than there were available limit orders to meet the demand at that same price level. I still agree with the essence of Booters premise that there are many market orders in index futures. Though I think it would be probably be most accurate to say that at any give price level, there are more market orders than limit orders and the taking out of the static limit orders is what moves the market. The only exception to this are marketable limit orders but most software systems make those hard to place and get filled quick enough anywhere other than the original breakout. When there is a news shock, one can see how the market orders zap all of the limit orders out of the book as there is a relative vacuum of limit orders to take the massive flow of market orders. Though the exaggerated move is usually filled in somewhat to match the underlying index value immediately after the price shock or order imbalance. Oz