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Strategies & Market Trends : Level II Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dominick who wrote (133)	2/9/1998 6:46:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 1086

You and I think alike. After all, it is the type of person that you spoke of who help to make the market inefficient for others like ourselves to profit from. Now that I think about this more, I should encourage businesses to give that Level II service away for FREE. The brokerage houses should be an easy sell on this idea due to the impressive commissions on customer accounts that such a system can generate for them. This approach will also benefit the rest of us. This can increase what I am starting to findly refer to as the M&M factor in the marketplace, which will make profits a bit easier for us to come by for us. M&M = Mindlessness and (its resulting) Mayhem equals redistribution of the wealth. Hmm...I would not mind even paying a little more for commissions if it would go to funding such an approach by the brokerage industry. My contribution to the Level II "Wow! This is better than my favorite video game!" addict newbie and the SOES "shootem up now and think later" bandit. Its like the way the casinos give out free drinks to the gamblers plunking their tokens at $5 a pop in the one armed bandits. But this approach will be much more effective in liberating the trader from his or her pocket book. Can the Level II software make the "sounds" that you can hear from an electronic pin ball machine or from that of a "one armed" bandit found in a casino? A counter needs to be displayed that "sings" with spetacular sounds every time it advances, which should have nothing to do with money made or lost. Actually it is there to keep the trader active in pushing the "buy" "sell" "buy" buttons. When the trader slows down, it starts counting and ringing more quickly. We need to make many of these players feel comfortable and at home by giving them a familliar environment to gamble...I mean INVEST...their money in. I see possibilities here! On a more serious note, I am interested in how a Level II artist follows the MM and reliably uncovers the MMs machinations that can be profited from. Bob Graham