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To: Don Green who wrote (1421)	12/4/1997 11:25:00 AM
From: Robert Graham	Read Replies (1) \| Respond to of 12617

Don, you must be one of the most intuitive players I have met. And there are some impressive intuitive traders to be found here at SI. But I suggest not to allow yourself to think there are many that can follow in your foot steps. Actually, IMO very few can. And this is in part where I think Steve is coming from. Other newbies who would try to emulate you would fail miserably. I find that is that way it is with attempting to follow people who are making for the most part intuitive calls. The rest of us have to think more, have more information available to us, and learn through much practice and experience. And still it is a risky business for us. Bob Graham

To: Don Green who wrote (1421)	12/4/1997 11:45:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 12617

Anyone who entered Dell at 87.50 yesterday and has the ability to repeat such moves, they don't need anything. You have an angel on your shoulders. What caused you to enter there? Just a feeling? luck? or do you use methods you have't shared?

To: Don Green who wrote (1421)	12/4/1997 3:09:00 PM
From: Ira Player	Read Replies (1) \| Respond to of 12617

Don, Data and information are to distinct but related entities. Data is something which is collected, sorted, stored, Graphed, evaluated, analyzed,... in order to produce information. My professional background is in engineering. Investing is something I do as a hobby and provide for my retirement. So excuse me if I jump into the engineering example to make my point. Statistical process control (SPC) is often used by manufacturing processes to improve yields. This involves a complex sampling technique and evaluation of the data to determine optimum settings for the equipment in process. When initially instituting an SPC program, huge quantities of data are collected. As the processes under evaluation are further refined in characterized, the sampling rate can be substantially decreased and some sampling points illuminated completely. Elimination is possible for combination of reasons. First: some of the data will be found to be completely useless. Therefore the decision to eliminate is straightforward. Second: some process steps will achieve 100 percent yield. Sampling at this point will yield infrequently useful results. Third: information can be reliably detected further downstream. The sampling rate can be decreased because you're no longer collecting data to improve the process, only to monitor it in determine deviations from nominal. When deviations are noted, full sampling may be resumed to determine the cause. Real-time quotes, level 2,charting, and other techniques used by traders are all necessary during the early years in order to gain the experience to develop the intuitive "feel" for the markets, just as expensive data collection is required in the early phases of manufacturing process. This experience cannot be gained without careful analysis of all available information, particularly on the bad trades. Re: What do I need Level II for..? If you understand the market? Because the market changes, that's why. Enjoy the ride. Ira