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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (4971)7/24/2002 10:29:58 AM
From: ahhahaRead Replies (1) | Respond to of 24758
 
Market update:

Not much net selling going on in the NAZ big tech stocks.

Our bellweather, AMAT, exemplifies what is occurring in the stronger stocks. Use its price pattern as a relative measure of other stock's strength. It's book is getting fairly heavy with orders above and there is a fair amount of short covering.

We gapped so we are likely to see a drop down to test the lower bound of the test.



To: ahhaha who wrote (4971)7/25/2002 3:26:32 PM
From: LPS5Read Replies (1) | Respond to of 24758
 
I certainly think that such is the case. And not the least of which because in the brave world of penny trading increments: for any stock that sees more than token volume these days, what we formerly knew as the inside market is little more than a flurry of prices flickering far too quickly (and in quotation changes of a de minimus nature) to discern a definitive uptick or downtick. This has among its' aggravating causes the widespread and increasing use of low-cost, fragmented market centers (ECNs and various ATSs) and among its' resulting effects, rapidly decreasing average execution sizes. An average execution two or three years ago was 1200 shares, and not long before that over 2000 shares; today it's between 300 and 400 shares.

L.