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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (1530)	4/3/1999 12:50:00 PM
From: Robert Cohen	Read Replies (1) \| Respond to of 1729

Can someone comment on the following observation. I was watching NAVR on Thursday but the following certainly is not limited to NAVR. It was trading in the 15 1/2 to 16 range most of the afternoon. At times prints would occur at the rate of 8-10/min within a narrow range perhaps 1/8 then for several minutes prints would go off at perhaps 100/min resulting in either a substantial ut or dt, then back to narrow range low volume trading. Pauses could last as long as 10-15 min. It is hard to believe that traders acting individually could leave the market and then seem to enter the market simultaneously for no obvious reason. Is it possible that brokerage houses and MM hold orders and then submit or act on them simultaneously? I am aware of the "psychology" involved in momentum trading but it is still hard to accept this as a valid explanation. Robert