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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (55544)	5/26/2006 8:50:56 AM
From: TATRADER	Read Replies (1) \| Respond to of 59879

I will pass on it...Not enough daily volume, and I like to see drops in excess of 2 million shares traded...Let me know if it moves to 7.00... Level 2: Basic Lesson 1 When utilizing Level 2, the first step you need to do,is to determine who the AX is. The AX is the leader of the band. You only have to watch his movements to figure out the movement of the stock. One way to determine the AX is by finding which Marketmaker trades the most number of shares on the stock in a month. You can find this information free at nasdaqtrader.com or this link if it works: nasdaqtrader.com The problem with a stock like THLD is that if you do a study on the past several months, different Marketmakers have stepped up to the AX position to buy shares for their clients. A while back JEFF and MSCO were playing the role of AX. Last month it was CANT. It appears to me that the AX is hiding himself through trading vehicles like BRUT,CINN, and ARCA... So for any of you trading THLD, who is the AX at present? Mark