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To: pigfarmer who wrote (50325)	8/20/1998 1:05:00 PM
From: Stoctrash	Respond to of 58727

Pigguy... If you have 30 pigs oinking north and 100 oinking south you have a -70 Oink Ticks of the Pigs. got it...good. Seriously...it has to do with the Ticks of all the stocks on the NYSE and whether they are UP ticking or Down Ticking relative to bid and ask. Don I'm sure has a full detailed explaino. I think he posted about it the other day.

To: pigfarmer who wrote (50325)	8/20/1998 1:11:00 PM
From: Nemer	Read Replies (1) \| Respond to of 58727

Hello PigMan : From your nick I deduce that you are from Georgia, one of the 2 Carolinas, or right down the road from my granddaddy's old farm ..... ggg ======> This is one of the most amazing threads I have ever read!! why do you think I call it the insanity thread ? it amazes me at times too ....... TICK ---- running total of the past trade tick on the big board ...... trade at last bid = flat or zero trade down tick = minus one trade up tick = plus one as to how to trade OEX using TICK ----- art, not science ...... but if/when you get it conquered ----- post it to me or call collect muy pronto ....... gggggg Welcome ---------- and keep posting .... you might get a logical answer or three ..... or mayhaps none ....... but from your nick, you have to have a well developed sense of humour or you really belong here ........ Regards ---- Nemer

To: pigfarmer who wrote (50325)	8/20/1998 1:14:00 PM
From: HairBall	Read Replies (1) \| Respond to of 58727

pigfarmer: The tick is the direction in which the price of a stock moved on its last sale. An up-tick means the last trade was at a higher price than the one before it and a down-tick means the last sale price was lower than the one before it. A zero-plus tick means the transaction was at the same price as the one before, but still higher than the nearest preceding different price The overall tick is a value derived from all stocks on the NYSE in a given time period. Regards, LG

To: pigfarmer who wrote (50325)	8/21/1998 11:10:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 58727

Sorry for the delayed response. World events required some over time and then I had a RAM chip go out on the confuser (computer) so I was off-line for the last few days. (Missed some great OEX swings dang!!!) To use the TICK in trades as another poster stated is not a science by any means however I find it priceless. First it can be used to alert you to buy and sell program trading by watching for sudden large changes. Second it can be observed like a normal chart for patterns indicating likely overall direction for the market since it is a compilation off all stocks on the exchange. When largely positive, you know that A.) a buy program is either on or everyone is bullish, B.) the index you are trading is likely going to continue up since most stocks are upticking at the current time. It is not to be used alone however as you still need to watch the OEX, premium deteriorations etc. Often times though it does seem to change direction before the index reacts allowing you a few more seconds to get in or out of a trade and save those valuable 1/8s or 1/4s. Basically just watch it and practice before you do it for real. As with any new trading method, paper trade it until you are comfortable with it. Quote.com chart is what I use for my reference then I watch the OEX on my other quote source. Good luck Lee