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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Dean who wrote (2283)	12/17/1998 5:26:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

Dean - No, it is not considered Lvl II. Level two will allow you to see all the infomation you describe, plus the ability to see where people are positioned on the tree and who they are. You will be able to see where the stops are placed, both buy and sell. you will be able to see if GSCO (Goldman Sachs) is hitting the bid or on the ask. You will be able to see if major resistance will be reached because of a huge number of sell limits at a 1/4 higher than current. Level II is absolutely necessary if you plan to only scalp day trade. It is helpful if you wish to position trade but I have done quite well without playing pure momentum and watching RTQ patterns. Just another tool that if you can afford it, you should most certainly get. I keep saying I am going to but never get around to doing it. Hope this helps. TJ