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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (16519)	6/17/2004 10:00:58 AM
From: Tom Swift	Read Replies (1) \| Respond to of 207907

Most likely many diverse plans "They" seems to like the 30-min charts. There is often a burst of trading to a technical level right before the candle ends and a reversal just after.

To: robert b furman who wrote (16519)	6/17/2004 10:47:26 AM
From: Stephen	Read Replies (2) \| Respond to of 207907

Most programme trades are a pre-determined basket of stocks that are bought or sold at current market price, often triggered by index price movement. Other times brokers have the instructions to execute for timing at desretion during the day, or end of day. Needless to say, these baskets are always highly liquid stocks that are usually part of the index they are trading off. Things may have changed, I'm sure da cheif can elaborate. regards stephen

To: robert b furman who wrote (16519)	6/17/2004 10:49:17 AM
From: bearshark	Read Replies (1) \| Respond to of 207907

Hi Bob: By looking at the NYSE statistics for program trading from 1999 to the present, you can get an idea. The NYSE provides a .pdf file for each period that breaks the data down a bit and whether it is for member firms, etc. You can see the action of the top 15 member firms on their own, etc. I view the increase in program trading since 1999 as the difference between a purely competitive market and an oligopoly. Its not a perfect comparison but I think it gets the general idea across. If one wants to go for a swim, its best to know who is in the water with you.