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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Raj who wrote (10084)	12/3/1997 8:31:00 PM
From: Don S.Boller	Respond to of 18056

Raj: You make the point very well...In the past (and this goes back to the 60's) - I made a lot of money for myself & brokerage customers - using Joe Granville's system of On- Balance-Volume...then they brought in listed options which negated the system entirely for those stocks envolved. Stocks like 3Com...As Isaid before - J. Livermoore bragged about painting the tape AND also "running the shorts"!!! When I was a broker trainee in LAX - I used to hang out in the firm's trading room. It was fascinating to a kid. Several of the traders were not much older than I was and tended to befriend me. Slowly I figured out how one or two kept their "position sheets" (which told them whether they were long or short and I what prices). Since this was snooping on my part - you know I was quite sneaky (I thot) about what I knew. Well, one Monday I waltzed inot the "pit" and "casually" glannced at Artie B's book...it was in CHINESE. "Whats's the matter Don? Don't you know Chinese???" No long thereafter - I was sent out to "my" branch in Pasadena. Thanks. Don

To: Raj who wrote (10084)	12/3/1997 10:27:00 PM
From: robnhood	Read Replies (1) \| Respond to of 18056

Raj,,nasdaq volume is double volume,,,they count the buy and sell side,,as opposed to say NY,,where the buy and sell is considered as one transaction,,,in a very active issue as you are describing ,,there is going to be a lot of mm back and forth trading,,,dogs fighting with dogs over the scraps possibly dropped by the big boys,,, russell