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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Christopher Reed who wrote (34750)	2/13/1998 11:14:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

Chris, Level 2 is not at all useful for day trading viewed in static mode. I can stop posting them if you want. Even in dynamic mode, lvl 2 is difficult to use as a casual trader. To really act on it effectively you would need to be a SOES trader, and you would sit glued by a tube and execute instantaneously based on, perhaps, what GSCO is doing. Today, I could see sizeable sell pressure at 35, but I couldn't tell whether that sell volume would be absorbed. So, I guess it offers some subtle clues for a long term trader. Heck, its fun, particularly when things are happening. Gary Korn