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To: Richard Estes who wrote (1739)	12/11/1997 7:05:00 AM
From: steve goldman	Respond to of 12617

Richard, If one were to use short term TA, 5 minute charts, etc., it is pretty similar to simply watching the tape. A combination of the two might amplify results. Watching the tape allows you to see the size of the prints,how the stock is behaving, how mms, the bid or ask reacts to the various prints, whether the stock collapses on a few prints to the bid or actually gets stronger, whether the offer gets larger after large prints on the offer, etc. If a fund or other large investor is buying a stock, they can'thide the prints. To own it, they must buy it and watchingthe tape will show you this action. Someone buying 100,000 of xyz during the day doesnt do so in pieces of 100 shares. I do a lot of tape reading as I think it is one of theonly ways to tell what is occurring with the stock. Regards, Steve