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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (3943)12/5/1998 3:58:00 PM
From: Lost in New York  Read Replies (2) | Respond to of 4969
 
Steve,

I was reading "Golden Rules for Traders" in your latest newsletter and don't understand #7 "7. Exhaustion gaps get filled. Breakaway and continuation gaps don't. The old traders' wisdom is a lie. Trade in the direction of gap support whenever you can."

Could you or Alan Farley explain this. I got the rest of it.

Dave



To: steve goldman who wrote (3943)12/6/1998 9:04:00 AM
From: TFF  Read Replies (1) | Respond to of 4969
 
<Point is...your broker cant give you an out until he gets an out..>

Steve, does the market maker have any time limit to report back to the client firm?? Can the market maker report late fills days or weeks later??
This smells.

Thanks!


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