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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dominick who wrote (3368)3/12/1998 6:19:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 12617
 
I'm not a Day Trader myself, but as long as I'm here I'll toss in my 2 cents (g),

I don't think you can SAY with just the info you've presented.
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Trades in the MIDDLE can be EITHER a buy a sell or an interdealer transfer.
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Trades at the BID are not necessarily a SELL. They can be a BUY (I buy at the Bid myself, for instance, by having a broker go in the box as Principle on my behalf) or they might be an interdealer transfer.
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Somtimes what APPEARS to be a sale at the BID, say $5 1/32 is really 5 5/128 which was a cross trade, but since many Quote suppliers do not SHOW 128ths or 256ths they ROUND and it appears different!
.
Colin



To: Dominick who wrote (3368)3/12/1998 7:27:00 PM
From: TFF  Read Replies (1) | Respond to of 12617
 
Dominick:I couldn't read anything into that.Sorry.I usually watch the Dow.If the Dow is gaining momentum I want to go long/short a stock that is volatile/avg. volume of 1mm + shares per day/trading in the direction of the Dow trend.