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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Sutton who wrote (3489)	12/1/1998 6:03:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Response No, the fastest medved can update is every 5 seconds on a single stock. In fast markets, that is too slow as multiple market makers can be filling orders and others can be making new asks all over the place. Mach6's productwith the intraday tick showing does a much better job for what you are looking for, although it takes a bit of concentration to make sure you are following it right. lastshadow

To: Jeff Sutton who wrote (3489)	12/1/1998 7:19:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 43080

>>Is there a way to identify a shake-out<< One of the ways is... (not exactly what you were askign for but....) >> One of the key market maker techniques we saw today was MM's switching tier sizes to 1 all day long. They do this to protect themselves from the soes players (being obligated to only 100 shares) and to panic sellers lower and on the ask they do it to induce panic buying with the illusion of an uptick soon. When a MM switches to a 1 size, soes is useless since you can only get filled for 100 shares. Archip is useless because as soon as you enter an archip order, the nervous nellie daytraders who DONT understand what the MMs are doing will also panic and use archip to sell lower. MMs would then step in at 1/2 or a round number with size when it is not on the inside only to give the appearance of support ONLY to step off when it becomes the inside and thus leading to a bigger wiggle pulling the rug out from underneath the traders. At the very bottom of the wiggle is when the market makers rush the bid after they have accumulated their shares and chase the stock higher with size. It happened ALL day long on OMKT (wiggles were usually 1-1/2 pts before MMs switched back to tier 10 on the bounces). DCTI was the same fake right from the opening run. Dont click on the link! undergroundtrader.com