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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: Harold who wrote (7797)1/15/1998 2:52:00 PM
From: Richard Estes  Read Replies (1) | Respond to of 12039
 
you will have to get answer from someone else, may be a daytrader. I don't even watch bid/ask sizes RT, though I have data. My period of concentration is not in minutes. But in days. What do you see from a 5min, 1day, chart. By the time you get this sizes have changed 5-6 times. looks like you got a breakout needs volume.



To: Harold who wrote (7797)1/15/1998 4:28:00 PM
From: Derek B  Read Replies (1) | Respond to of 12039
 
Harold these bid and ask numbers on Nasdaq stocks are meaningless. To look for buying or selling pressure you need a RT data provider, such as AT Attitude or Track Online, where trades are recorded throughout the day as occuring at the bid or at the ask, or in between.

The data you follow maybe useful to follow stocks on an auction exchange. Try following an NYSE issue with your theory.

Derek