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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (4912)	1/19/1998 11:56:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 42787

hmmmm chris...it is probably the java that crashes it as there are several java scripts etc . I dont have a problem but I have a power machine Also, if you use IE it doesnt look like what I put up because I used netscape communicator package (and I dont know how to program for it to look the same for all browsers- I am lucky to be able to do it all) try this (which not the original entry point for the site and see what happens) geocities.com this link for the King site geocities.com

To: Chris who wrote (4912)	1/19/1998 5:15:00 PM
From: Chris	Respond to of 42787

Interesting stuff to read.. Gotta fight fire with fire <gggg> Subject: From the Trading Desk \| Previous \| ------ \| Respond \| To: Robert Graham (2345 ) From: Coyoti Monday, Jan 19 1998 5:02PM EST Reply # of 2350 Hi Bob...once again...i've only been on Level II for 4 days, so i'm a complete novice in that department. The immediate advantage i realized right off the bat was your ability to limit your risk; as you can see the # shares being offered by numerous MM's at a given price, you can time your entry to buy the last few shares available before an uptick, thereby putting on a position where your entry price quickly becomes the bid; likewise you can exit if you see a downtick coming. And we all know limiting your losses is a major part of the game ;-) The only sticky part is when a MM sits on the best bid or ask, advertising he'll honor 1000 shares, while he moves many times that number, which you can see on time& sales. Then you know something is up perhaps that you can't see. And maybe you don't want to be trading against him, but rather with him. Or her <g> The next handy item is Time & Sales--you can guage current rate of interest in the issue as each sale goes off, as well as any block trades.And what's really handy, is you can go back thru 5 days of data to observe size and number of trades...very handy to see if the stock is being accumulated or distributed. And as you watch the trades going off real time, you can actually get a sense of rythm to the buying and selling...the pauses are great...especially when a 20 or 30,000 share block goes off, and it seems you can actually feel traders going.."whaaa??" The third thing i have found extremely valuable is real-time charting. I've been experimenting with MACD and MACD Histogram use for entry and exit points on 2-5 min. charts with good success. That's all i've learned so far; I was able to limit all my losses to an 1/8, and i'm up 8 points in those 4 days. Could be beginners luck; hope not ;-) Another thing level II allowed me to see was exactly when GERN opened up last week after the halt, and at what price--i placed a limit order 1/8 above the opening ask and got in at 13 5/8 for the run up. EliteTrader.com has a brief description of how level II works, for another 200 bucks you can take their advanced course online....a little steep in price, but you get info that potentially could cost you alot more, trying to learn on your own. Good luck out there -Coyoti